The Shop Insurance app introduces a new way to shop for health insurance.
Bethesda, Maryland (PRWEB) January 13, 2015
xTeros announced today that it is exiting stealth mode due to unexpected consumer demand for their Shop Insurance app. The Shop Insurance app introduces a new way to Shop for health insurance, changing the focus from balancing low premiums vs high deductibles, to a focus on knowing your overall Out-Of-Pocket costs before you buy.
The free web app analyzes health plans across Federal and State exchanges and eHealth, the largest online insurance broker, to help users Shop Insurance plans based on their actual health expenses, rather than lowest monthly premium. A simple toggle button allows a user to immediately evaluate the cost difference between choosing plans by lowest premium versus lowest out-of-pocket costs.
CEO William Wynn states:
“Our initial plan was to quietly release individual apps without fanfare, while we focused on delivering a mature suite of tools in Q3 2015. Traffic to our Shop Insurance app has been far beyond what we could have hoped from a stealth launch. It is obvious that the app successfully addresses a real need. I started the company to help others overcome frustrations we all have had. So, we are adjusting plans and formally launching our Shop Insurance app, so that all Americans can benefit from the application through the remaining Open Season.”
William Wynn, a serial tech entrepreneur, founded xTeros after experiencing his own health and insurance related issues. Wynn is passionate about finding a means of helping others overcome the frustration all of us face when shopping for health insurance and managing our routine medical costs.
xTeros is a privately held corporation with offices in Bethesda Maryland. The Company is building a consumer community around web apps that provide price-transparency and shopping tools to the consumer. More than a research destination, the company helps consumers evaluate options and Shop for health services, products and insurance.
Contact: Joan Giampa, Media Relations