New leadership role reflects Centene's focus
on ICHRA growth
ST
LOUIS, Jan. 9, 2025 /PRNewswire/ -- Centene
Corporation ("Centene") [NYSE: CNC], a leading healthcare
enterprise committed to helping people live healthier lives, is
pleased to announce that Alan Silver
has joined the organization as the President of its Ambetter Health
Solutions business, which focuses on ICHRA (Individual Coverage
Health Reimbursement Arrangements). This newly created role
reflects Centene's belief that consumers increasingly will seek
health insurance that offers transparency, customization, choice
and convenience. ICHRA plans allow employees to shop on the
individual Marketplace and choose the insurance plan that works
best for them, using a tax-free stipend from their employer.
"We believe ICHRA is the future of healthcare coverage for
individuals and families, increasing flexibility and
affordability," said Centene Chief Executive Officer Sarah London. "Combining our experience
supporting the coverage needs of hard-working Americans with Alan's
industry-leading ICHRA expertise will accelerate our work to foster
greater adoption of ICHRA as a strategic and innovative solution
for employers and employees alike."
Silver will bring more than two decades of leadership experience
in benefits administration and actuarial consulting to the role,
including a proven record of driving growth, developing
client-focused benefit solutions and pioneering exchange-based
healthcare strategies.
"Alan's appointment underscores our dedication to making ICHRA a
cornerstone of our growth strategy," said Ambetter Health's Chief
Executive Officer Kevin Counihan.
"With his exceptional background in benefits innovation and deep
understanding of the market, Alan is the ideal leader to advance
our vision and help us set a high standard for ICHRA offerings,
providing meaningful value to employers and employees across the
nation."
Most recently, Silver led retiree medical and ICHRA initiatives
at Willis Towers Watson. His expertise uniquely positions him to
lead Ambetter's efforts in expanding and enhancing ICHRA offerings
to meet and drive evolving market needs.
"I am excited to join Ambetter Health and Centene," said Silver.
"ICHRA is an exciting opportunity to transform how employers
provide healthcare benefits, and Centene is uniquely positioned to
lead this evolution. I look forward to collaborating with the team
to deliver innovative solutions that empower organizations and
their employees."
Ambetter serves more than 4.5 million members in the individual
market, focusing on delivering reliable, high-quality healthcare
benefits that adapt to the changing needs of its members and the
market. Its approach to ICHRA is rooted in deep industry and
product expertise to making healthcare better for all through
choice and accessibility.
For more information about Ambetter and its ICHRA solutions,
visit https://www.ambetterhealth.com/en/employers/.
About Centene Corporation
Centene Corporation, a Fortune 500 company, is a leading healthcare
enterprise that is committed to helping people live healthier
lives. The Company takes a local approach – with local brands and
local teams – to provide fully integrated, high-quality and
cost-effective services to government-sponsored and commercial
healthcare programs, focusing on under-insured and uninsured
individuals. Centene offers affordable and high-quality products to
more than 1 in 15 individuals across the nation, including Medicaid
and Medicare members (including Medicare Prescription Drug Plans)
as well as individuals and families served by the Health Insurance
Marketplace.
Centene uses its investor relations website to publish important
information about the Company, including information that may be
deemed material to investors. Financial and other information about
Centene is routinely posted and is accessible on Centene's investor
relations website, http://investors.centene.com/.
About Ambetter
Ambetter Health is a health
insurance offering that is available on the Health Insurance
Marketplace, or Exchange, and available off-exchange in select
states. It is one of the healthcare programs provided
by Centene Corporation, a leading healthcare enterprise
committed to helping people live healthier lives. Ambetter
Health is made available through local health plans and covers
a wide variety of healthcare services, including preventive and
wellness services, maternity and newborn care, pediatric services,
mental health and substance misuse services, prescription drug
coverage and more. To see Ambetter's Market Notice, please click
here. For more information on health benefits and health insurance
plans in your state, please visit the state specific link
on AmbetterHealth.com.
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SOURCE Centene Corporation
