Chicago and Shelton, Conn. — (August 27th, 2013)
bswift, a leader in cloud-based technology and services for employee benefits and health exchanges, announced today it has entered into an alliance with HealthPlanOne, one of the nation’s leading private health care exchanges for retirees and individuals.
Together the firms will deliver an end-to-end defined contribution health insurance solution for retirees. HealthPlanOne will provide the online platform and licensed advisors that will assist retirees in evaluating, comparing and enrolling in over 4,000 insurance plans from over 80 carriers nationally serving the individual Medicare marketplace. bswift will manage the administration of the retirees’ defined contribution program and the Health Reimbursement Arrangement (HRA) plans.
Defined contribution programs for retirees, which are rapidly being adopted by employers, are attractive because they offer retirees more choice in carriers and plan designs, and help employers reduce their overall spend on health insurance. “HealthPlanOne has developed a leading retiree health insurance exchange built from their extensive experience catering to individual Medicare enrollees. We are excited to join forces with HealthPlanOne and help change the way employers think about retiree benefits,” noted bswift CEO Rich Gallun.
bswift is pleased to offer this solution to its clients that are looking to transition from a traditional group insurance plan for retirees to a defined contribution approach featuring individual Medicare products. Bill Stapleton, CEO of HealthPlanOne, said “We’re excited by our alliance with bswift and the opportunity to help the many blue-chip clients they serve to enhance the benefits offering and overall experience they provide their retirees, while streamlining administration and reducing the overall cost of the program.”
Headquartered in Shelton, Connecticut, HealthPlanOne was founded in 2006 with the vision of helping consumers research and purchase the health plan that best fits their needs. By specializing in health insurance and Medicare, we drive sales by offering prospects a superior shopping experience in individual and family health insurance plans, Medicare Advantage and Medicare Supplement plans, as well as life insurance and dental insurance plans. We deliver on this vision of providing an industry-leading customer experience through our proprietary online platform and telephone-based service centers. HealthPlanOne works with all major carriers including Humana, Anthem/WellPoint, United Healthcare, Aetna, Cigna and many regional BCBS plans.