American Community Mutual Insurance Company Selects HealthPlan Services Under New Administration Agreement.TAMPA, Fla. -- HealthPlan Services (HPS See Seer*HPS. ) has been selected by Michigan-based American Community Mutual Insurance Company as the administrator for their emerging line of innovative consumer-directed health insurance products. Under this new arrangement, HPS will provide all quoting, billing, enrollment, rate generation, claims, renewal and customer-care services. "We are very proud to be partnering with American Community in their efforts to bring cost-effective, consumer-directed health care products to market for individuals and small group employers looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. an alternative to traditional insurance coverage," said Jeff Bak, HPS President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "HPS is able to provide ACM (Association for Computing Machinery, New York, www.acm.org) A membership organization founded in 1947 dedicated to advancing the arts and sciences of information processing. In addition to awards and publications, ACM also maintains special interest groups (SIGs) in the computer field. a speed-to-market advantage and consumer-friendly administrative processing via Platypus platypus (plăt`əpəs), semiaquatic egg-laying mammal, Ornithorhynchus anatinus, of Tasmania and E Australia. Also called duckbill, or duckbilled platypus, it belongs to the order Monotremata (see monotreme), the most primitive group , our proprietary web based system." This new generation of products will be marketed under the brand name Precedent and will be available to both individuals and small groups. Plans call for the products to be initially launched in Indiana, Ohio, and Michigan and shortly thereafter will roll out to other states. "Our Precedent suite of products is an American health insurance revolution. Delivering excellent, radically different coverages to the consumer-directed insurance marketplace for 2006 requires an administrator with superior economies of scale and the highest standards of customer service. HealthPlan Services fills that role admirably and gives us 'instant offense' with our new product roll-out," said Craig Shelley, Senior Vice President of American Community's Consumer Choice Division. About American Community Mutual Founded in 1938, American Community Mutual Insurance Company was the first health insurance company in Michigan, and is one of the oldest in the nation. Based in Livonia, Michigan, American Community markets individual and group health insurance products in eight states through an agency force of over 5,000. The company provides high quality, affordable coverage to approximately 200,000 people. For more information, visit http://www.american-community.com. About HealthPlan Services HealthPlan Services, a Sun Capital Partners, Inc. affiliate, is the nation's largest provider of TPA (Transient Program Area) See transient area. TPA - Transient Program Area services to the small business, voluntary, association, and individual marketplace. Since 1970 HPS has provided customized administration and distribution services to the employee benefit market. With flexible and scalable IT platforms, HPS offers an ever-expanding array of services to a diverse and growing client base, including many Fortune 500 insurers. Offering products such as Medical (PPO PPO abbr. preferred provider organization PPO Managed care Preferred provider organization, see there Infectious disease Pleuropneumonia-like organism, see there , HMO HMO health maintenance organization. HMO n. A corporation that is financed by insurance premiums and has member physicians and professional staff who provide curative and preventive medicine within certain financial, , indemnity, consumer-driven), Dental, Life, Disability, Long Term Care and Ancillary insurance HPS is committed to extraordinary service to its customers. For more information about HealthPlan Services, please visit http://www.healthplanholdings.com. About Sun Capital Partners, Inc. Sun Capital Partners, Inc. is a leading private investment firm focused on identifying leveraged buyout leveraged buyout, the takeover of a company, financed by borrowed funds. Often, the target company's assets are used as security for the loans acquired to finance the purchase. and investment opportunities in market-leading companies that can benefit from the expertise and experience of Sun Capital's in-house operating professionals. Sun Capital Partners has offices in Boca Raton, Los Angeles, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , and London. With more than $2.5 billion of capital under management, affiliates of Sun Capital Partners have acquired more than 90 companies throughout the world with consolidated sales in excess of $20.0 billion. For more information about Sun Capital Partners, Inc., please visit http://www.SunCapPart.com. |
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