PORTLAND, Ore. – Today Regence announced a new level-funded benefits offering, Regence LevelBlue SM, that is now available with health plans in Idaho, Oregon, Utah and Washington. With Regence LevelBlue and its fully insured equivalent Regence SharePlan SM, Regence now provides a full range of funding solutions to help mid-sized employers (those with 51+ employees) better manage through challenging economic times. Both Regence LevelBlue and Regence SharePlan can be paired with the health plan’s full suite of products and best-in-class network.
“With employers facing unprecedented economic uncertainties, Regence’s full spectrum of health plan solutions offers flexibility and customization from a trusted and stable market leader,” said Bill Bradley, vice president of product development for Regence. “Regence LevelBlue and Regence SharePlan pairs our deep expertise in managing self-funded and fully insured plans with an unmatched provider network and our award-winning customer service.”
Regence LevelBlue and Regence SharePlan provide opportunities to receive cash back at the end of year if actual claims are less than expected. Both solutions include reporting with an easy-to-use interface, clear visibility into how claims dollars are being spent, and identified opportunities for additional savings. Regence LevelBlue integrates pharmacy, stop-loss and administration into one comprehensive offering on a single bill, while Regence SharePlan includes all the options and added stability that employers receive on their fully insured plans.
Regence’s full portfolio of funding solutions are paired with the Blue Cross and Blue Shield Association network, delivering access to 95% of doctors and 96% of hospitals throughout the United States. For more information, please visit www.regence.com.
Regence serves approximately 3.1 million members through its Regence health plans in Idaho, Oregon, Utah and Washington. Each Regence health plan is a nonprofit independent licensee of the Blue Cross and Blue Shield Association. Regence is part of a family of companies dedicated to transforming health care by delivering innovative products and services that change the way consumers nationwide experience health care. For more information, please visit regence.com.