Insphere Insurance Solutions
Growth opportunities.
String support.

News

News about how we're serving customers,
agents and carriers.

Receive Insphere Insurance Solutions news releases via RSS.

Insphere Insurance Solutions Announces Marketing Agreement with the Regence Group

Insphere Insurance Solutions to Begin Marketing Regence Health Plans for Individuals and Families in Idaho, Oregon, and Select Counties in Washington

DALLAS/FORT WORTH – June 28, 2011 – Insphere Insurance Solutions (http://www.insphereis.com) announced that it has finalized a marketing agreement with The Regence Group (http://www.regence.com) for its portfolio of health insurance plans for individuals and families in Idaho, Oregon and select counties in the state of Washington.

“This marketing agreement is Insphere’s first opportunity to represent the Blue Cross and Blue Shield brand and we are excited it is with The Regence Group,” said Ken Fasola, President and Chief Executive Officer of Insphere Insurance Solutions. “The Regence Group is a strong regional carrier with a rich history, a solid portfolio of comprehensive products with health savings account (HSA) options and a great provider network.”

Insphere Insurance Solutions will market the full portfolio of individual health plans. These plans are designed to meet the needs of individuals, families and the self-employed and provide quality insurance coverage that is also budget-friendly. This includes comprehensive insurance plans as well as HSA-qualified plans.

The Regence Group currently serves more that 2.3 million members and is the largest health insurer in the Northwest/Intermountain Region. The Blue National Doctor & Hospital Finder helps members select providers by location, board certification, and Quality Based Recognition. Through myRegence.com, members have access to a wide variety of online tools that allow them to:

Navigate the health care system
View claims and personal account information
Compare hospital, procedure cost, and quality based on personal needs
Use the interactive health and medical encyclopedia
Join the conversation: open forums allow members to interact with health care experts and with each other

“Our agreement with The Regence Group illustrates Insphere’s commitment to expanding its portfolio of life, health, long-term care and retirement insurance products to better meet the range of needs within the middle-income market,” said Fasola. “We believe that our selection of national and regionally recognized companies like Regence, combined with our agents, who provide personalized service and understand the unique needs of the individual insurance buyer, enables Insphere to deliver an unmatched level of service to our clients.”

Insphere Insurance Solutions is actively recruiting new and experienced insurance agents and experienced field leaders with an objective of doubling the number of agents over the next few years.

"Because of our size and scale, we are able to offer a diverse product portfolio, an innovative compensation structure and significant support for field managers and agents, including best-in-class technology capabilities for lead generation, training, compliance and marketing,” added Fasola.

###

About The Regence Group

Regence is a nonprofit total health solutions company based in the Pacific Northwest/Intermountain region. Through insurance, wellness, and consumer engagement products and services, Regence promotes health and helps people make informed decisions about their health care. Regence health insurance plans serve nearly 2.3 million members in Oregon, Washington (select counties), Idaho and Utah. Regence health insurance plans are independent licensees of the Blue Cross and Blue Shield Association. For more information, please visit www.regence.com.

About Insphere Insurance Solutions

Insphere Insurance Solutions, Inc. is a distribution company that specializes in meeting the life, health, long-term care and retirement insurance needs of small businesses and middle-income individuals and families through its portfolio of highly rated products offered by nationally recognized insurance carriers. Insphere is an authorized agency in all 50 states and the District of Columbia with approximately 2,600 agents nationwide. For more information, please visit www.insphereis.com.

CAUTIONARY STATEMENT FOR PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

This news release may include forward-looking statements relating to Insphere Insurance Solutions, Inc. that are subject to certain risks, uncertainties and assumptions. Such forward-looking statements are intended to be identified in this document by the words "anticipate," "believe," "estimate," "expect," "intend," “may,” "objective," "plan," "possible," "potential," “project” and similar expressions. Actual results may vary materially. Forward-looking statements speak only as of the date they are made, and we do not undertake any obligation to update them to reflect changes that occur after that date. Factors that could cause actual results to differ materially include, but are not limited to, the effect of recently enacted national health care reform legislation on our business; other legal or regulatory developments which may adversely affect our business including, but not limited to, laws or regulations which impede our ability to obtain effective leads; any failure to comply with applicable law or regulations; our ability to maintain applicable licenses; our ability to enter into and maintain satisfactory relationships with insurance carriers and agents; our ability to implement and maintain various information technology and administrative systems, platforms and processes necessary to successfully run the businesses, or the failure of such systems, platforms and processes to provide timely and accurate information; our reliance on outsourcing arrangements, which may subject us to risks related to business disruption or otherwise adversely affect our operations; termination of agreements with insurance carriers or revisions to contract terms which may adversely affect our business; the failure of insurance carriers to pay us in a timely and accurate manner or to provide us with data required to support product sales and accurately pay our agents; and the failure of an insurance carrier to administer underwritten business in an appropriate manner, which may lead to customer dissatisfactions and the lapse or cancellation of policies for which we and our agents receive commissions. Like any business, the progress and success of the company entails substantial uncertainty. There can be no assurance that other factors not currently anticipated by the company will not materially and adversely affect our financial condition and results of operations. Readers are cautioned not to place undue reliance on any forward-looking statements made by us or on our behalf.