Unique features include:
guaranteed issue
(employees and their eligible dependents will not be denied coverage
during open
enrollment periods), no pre-existing condition
limitations, no networks or doctor directories (employees
can go to
any provider or hospital), COBRA administration at no additional cost
to the employer
, customized enrollment forms, free replacement ID
cards, open-source billing technology that corresponds
with an
employer's existing payroll cycle, and experienced "live" customer
service representatives
. Third-Party Administrator Acquisition Expands Scope and Brings Management
Depth
LUBBOCK, Texas, The Parker Group, a health care
and benefits management
holding company, announced today that it has closed on
the acquisition of Gallagher Benefit Administrators
, Inc.
"The timing of this acquisition allows us to take advantage of significant
market opportunities
as a leading provider of employee benefit administrative
services," said Michael Bryan, President
and COO of the combined companies. Bryan's company, American
Administrative Group, Inc.
cobra hipaa
Nationwide
's limited medical offering,
which is available to companies with more than 50 employees, is an
insured
indemnity plan designed for hourly and part-time employees who
may have been excluded from traditional
group plans. Best.keyman gls
, an international insurance brokerage and risk
management services firm, is headquartered
in Itasca, Illinois, has operations
in eight countries and does business in more than 100 countries
around the
world through a network of correspondent brokers and consultants.
prevailing cobra
Nationwide
Health Plans Chooses Fringe Benefit Group to Market and Administer New Limited Medical Offering
"As we evaluated the health insurance marketplace, we realized
that there is an enormous need
for health benefits for hourly,
part-time and seasonal employees," said Tom DeNoma, an officer in
Nationwide Health Plans' Special Risks division. ("GBA") a national
third-party employee benefits
administrator.enrollments 401k
The Parker Group Acquires Gallagher Benefit Administrators Inc.
Gallagher + Co.jlt gls
Drawing
on its expertise in the prevailing wage segment, the
company has also emerged as a leader in group
benefit plans designed
specifically for hourly and part-time workers (limited benefit
programs
).M. (NYSE: AJG)."
The Parker Group owns ICON Benefit Administrators, Inc.spiro hipaa
For more
information
, visit www.recordkeeping sdi
We think this
agreement is a giant step in the right direction towards enabling more
employers to be able to afford valuable health benefits for their
employees. The company provides
a full range of
insurance and financial services, including auto, homeowners, life,
health, commercial
insurance, administrative services, annuities,
mutual funds, pensions and long-term savings plans
. ("ICON"), a
Lubbock, Texas-based Third Party Administrator with over 70,000 members in
22 states
, serving a combination of private employers, governmental entities,
church associations and MEWA
's.gls prevailing
Nationwide is one of largest insurance
and financial services companies in the world.
Nationwide
is currently underwriting Fringe Benefit Group's
product in 25 states, with expectation of approval
in more than 40
states by the end of 2005.
The limited medical product, which will be sold via
Nationwide
agents as well as independent insurance agents, covers many of an
employee's routine
healthcare needs, such as doctor's visits for
illness and preventive care, non-occupational accident
coverage, and
more.
About Fringe Benefit Group
The Austin, Texas-based Fringe Benefit
Group and its affiliate
companies have helped employers design and administer fringe benefit
programs
since 1983. For existing and new brokers, this acquisition opens the door to a
wide spectrum of
new and exciting opportunities across the country.hipaa sdi
"Employers will receive the efficiencies and strategic
expertise needed to
assist their employees and retirees manage the pressures of rising health care
costs. AAG has a 20-year
history in retiree benefits and Medicare administration as well as business
process outsourcing services for the group insurance and union market sectors. Gallagher + Co.eap cafeteria
"The
Fringe Benefit
Group has many years of experience successfully administering benefit
solutions
to hourly and part-time employees, which is one of the many
reasons that we chose to underwrite the
product. Through its nationwide network of independent
brokers and agents, the Fringe Benefit Group
has established itself as
the leader in government contractor health and welfare and retirement
plans
. ("AAG") of Fort Worth, Texas.
AAG provides administrative services for benefit plans that cover
over
80,000 lives. "AAG and GBA are a great boost to our long-term
strategy of geographic and
product expansion.hipaa recordkeeping
About Arthur J.commute 401
The company was acquired from a
subsidiary of Arthur
J.
Arthur J.spiro dietmate
ICON administers Worker's Compensation,
Section 125/Cafeteria plans, and Consumer
Driven Health Plans.deferred losap
hdm deferred
nationwide.com
Gallagher Benefit
Administrators provides services
to over 500,000 covered lives through offices
in Illinois, Texas, Ohio, Mississippi, California,
Michigan and Colorado.sdi fsa
deferred gls
fibi. Nationwide ranks 118th
on the Fortune 500 list. Employers and brokers
alike
will reap the benefits of administrative service excellence and an experienced,
stable management
team.cafeteria eap
It is ideal for
employers looking for a health plan that is affordable, flexible and
easily
administered. The Nationwide
companies include the country's seventh-largest property/casualty, the
fourth-largest homeowners and the sixth-largest auto insurance group."
Last month, The Parker
Group acquired Mr.
About The Parker Group
The Parker Group is a diverse health care
management organization.jlt 401
enrollments 401k
"
The Fringe Benefit Group agrees that this partnership is a tribute
to
the success they have had in marketing and administering limited
medical plans. The combined revenues
clearly
put us among the top ten employee benefit TPAs in the nation," says Ted Parker,
CEO, The
Parker Group.fsa hipaa
Business Editors
AUSTIN, Texas----The Fringe Benefit
Group, an industry
leader in group benefit plans designed specifically
for hourly and part-time workers, today announced
that Nationwide
Health Plans, part of the Nationwide family of companies, has selected
Fringe
Benefit Group as the marketer and administrator of Nationwide's
new limited medical offering.com
About Nationwide
Nationwide, based in Columbus, Ohio, is one of the largest
diversified
insurance and financial services organizations in the
world, with more than $148 billion in assets
. Gallagher + Co.
Separate companies provide employee benefit and third party administration,
preferred
provider organization network services, medical and case management,
wellness, and information technology
including EDI clearing house, paper to
EDI conversion and PPO repricing.prevailing deferred
Dental, vision and short
term disability benefits are also
available.fsa enrollments
For more information, log on to www.
Nationwide Life
Insurance Company, the major subsidiary of Nationwide
Financial, ranks 11th in assets according to
A.hipaa sdi
"Being selected by an established, reputable carrier
like Nationwide as the marketer and administrator
of its new limited
medical plan is a validation of the limited medical industry and a
ringing
endorsement for the Fringe Benefit Group," said Brian
Robertson, vice president of the Fringe Benefit
Group.
"Our acquisition strategy is an effective way to accelerate growth,
improve operations
and integrate new services.netpay gls
Working overtime to stay the Web's best reference!
-> Show SiteSeek's List of Web Sites For This Topic (Not Yet Peer Reviewed)
Loading...
(Note: These pages use the Atlas Content Safeguard System (ACSS) and require that Javascript is enabled for viewing.)