HealthPlanOne adds Employer Solutions offering to portfolio of services

HealthPlanOne, a leading national provider of private healthcare exchange services for retirees and individuals, today announced the addition of its Employer Solutions offering to its portfolio of services.

Employer Solutions is a private healthcare exchange targeted to employers transitioning retirees from a traditional group medical plan to a defined contribution approach.  "Since 2006, HealthPlanOne has helped tens of thousands of retirees successfully navigate the Medicare and personal insurance markets. Bringing our experience, our proprietary online platform and our world-class team of licensed Advisors to employers who want to implement a defined contribution program is a natural next step in the evolution of our company," said William C. Stapleton, CEO of HealthPlanOne.  Employer Solutions contains enhanced communication and education materials, expanded decision-making tools, HRA administration services and robust reporting.  It meets the needs of both Medicare-eligible and pre-Medicare retirees, and is available in all 50 states.

HealthPlanOne continues to partner with brokers and benefits consultants to deliver a defined contribution solution to retirees of the employer groups they serve, and currently serves many joint clients.  "As defined contribution goes from being the 'next new thing' to the norm, it's increasingly important for brokers and benefits consultants to have a solution they can offer their employer clients.  Most of the solutions available in the market are delivered by firms that compete with brokers.  HealthPlanOne is broker-friendly and provides an alternative that enables brokers to confidently offer a top-notch solution to their clients without fear of losing the client to a competitor," said Nick Iacono, President of Employer Solutions.

Over one million retirees who receive benefits from their former employers have already migrated from traditional group plans to a defined contribution approach.  This migration trend is accelerating because of the important benefits defined contribution brings to both employers and retirees:  employers benefit from lower operational costs and predictable expenses for benefits, and retirees can choose from among several plan designs and carriers a plan that best meets their needs, often at a cost lower than their current group plan.