Acquisition Strengthens BEN-E-LECT's Position as the Leading
Administrator of Employer Driven Health Plans
VISALIA, Calif.--(Business Wire)--
BEN-E-LECT today announced the acquisition of Affiliate Healthcare
Administrators' (AHA) Advantage PLUS plans, which provide medical,
dental and vision benefits for employer groups throughout California
and several other states including Arizona and Louisiana.
"With the acquisition of AHA's Advantage PLUS plans, we reaffirm
BEN-E-LECT's position as one of the country's leading health benefits
administrators providing small and medium size businesses access to
the high-quality, affordable health care coverage they need," says
Mark Reynolds, president of BEN-E-LECT. "The acquisition is in line
with BEN-E-LECT's growth objectives and enhances our strategic
position in several key markets, particularly in Southern California."
Similar to AHA, BEN-E-LECT administers HRAs, MERPs, HSAs, and
partially self-funded medical, dental and vision plans, reducing
healthcare costs for companies by an average of 30 percent while
maintaining and in many cases improving benefits. The company helps
employers customize their health benefits, to purchase group health
insurance with higher deductibles than they would typically buy, and
apply a portion of the premium savings to the plan benefits specific
to the employer's design.
"This acquisition brings the expertise and financial stability
necessary to best serve the needs of our employer groups and brokers,"
explains Kevin Underwood, president of Moorpark-based AHA. "BEN-E-LECT
shares our same commitment to raising the quality of health care, and
can offer the advantage of more extensive resources and services such
as its online quoting system and wider base of customer service
representatives."
Advantage PLUS plan employer groups and their brokers can expect a
seamless transition over to BEN-E-LECT with no change or interruption
to their coverage, assures Reynolds. "Their benefits will stay intact
as well as their relationships with their current doctors and access
to the same medical facilities.
"We are committed to helping employers tackle the high cost of
health care so they can continue providing benefits to their
employees," he adds. "This acquisition will enable us to do so for
more employers and continue servicing the brokers and agents
representing them."
About BEN-E-LECT
BEN-E-LECT is one of country's leading third party administrators
(TPAs) and an innovator of "employer driven" medical, dental, and
vision plans for small to medium size groups. The company combines
high deductible plans with its plan administration and claims services
to offer employers savings in healthcare premiums while maintaining or
improving their level of benefits. Established in 1987, BEN-E-LECT
currently serves more than 2,000 small business groups in California
and Colorado, totaling approximately 70,000 covered lives.
Straightline Communications
Linda O'Hanlon, 818-386-1916
Copyright Business Wire 2008
