Minneapolis-based insurance technology company simplifies the health insurance industry, saves employees millions on health insurance
Minneapolis, Minn. (December 9, 2020) – Recognizing the health insurance industry was time consuming, difficult to navigate and extremely costly, John Kelly set out to fix a broken system. He created Nexben, the first end-to-end cloud-based platform that connects all aspects of the insurance industry, making it easy for employers to select, enroll and manage health plans for their employees. Twin Cities Business has recognized Nexben Founder and CEO John Kelly for his achievements, naming Kelly to the list of Top 100 People to Watch in 2021.
Kelly’s singular passion to transform the entire health insurance experience continues to drive the growth and direction of Minneapolis-based Nexben. The company is experiencing growing success, which includes continued investor interest.
Nexben simplifies the health insurance marketplace for everyone involved, from national carriers to independent agents to large and small businesses, all the way down to individual employees and their families. Its all-in-one market platform includes:
- Multi-carrier comparison shopping
- Paperless enrollment, eSign enabled
- Enrollment tracking
- Real-time notifications
- Consolidated premium payments
- ACA monitoring and custom reporting
“The current health insurance marketplace can be cumbersome, time consuming and overwhelming. We took the complexity out and created simplicity for everyone involved. This includes individuals making important health care decisions for their families, organizations choosing which insurance plan is right for their teams, or insurance agents and carriers,” said Kelly. “Nexben allows them all to interact in real-time, leading to administrative efficiencies, scalable process, far greater cost control and transparency required for growth in the industry.”
The company’s innovation continues with its newest product, Trovia, which is based on a new federal regulation that enables Individual Coverage Health Reimbursement Arrangements (ICHRAs). Trovia allows an employer of any size the option to contribute pre-tax funds that an employee can use for individual health premiums and qualified medical expenses, resulting in dramatic cost savings of 20%-60% in insurance premiums for employers and their employees. Trovia is administered on Nexben’s simplified health insurance marketplace, making the combination the first of its kind.
“I’ve always had a keen interest in health insurance issues and industry solutions,” said Kelly. “Nexben is transformational. It not only brings the health benefit experience into the 21st century, but it leads the pack as the industry evolves.”
For more information, visit: nexben.com.
Julie Halgren, Nexben Marketing Director
Nexben is a technology company, leading a radical marketplace transformation by creating the most advanced end-to-end benefits platform that connects the entire industry – from national carriers to independent agents to large and small businesses – all the way down to individuals and their families. It provides marketplace transparency and simplifies the complex world of benefits.