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ABFS Announces Employer Stop Loss Arrangement as Enhancement to Collateralized Healthcare Obligation Program.

SCOTTSDALE, Ariz. -- Advance Benefit Funding Sources, LLC (abfs) (www.abfscho.com), announced today employer stop loss coverage to complement its highly successful Collateralized Healthcare Obligation ("CHO") program. abfs is a strategic business partner of Preferred Medical Claim Solutions, LLC ("PMCS") (www.pmcsaz.com), the established leader in the area of medical claim settlement that serves many TPAs, health insurers and other clients throughout the United States.

Employing a proprietary fully integrated structured financing model known as the Collateralized Healthcare Obligation (CHO), abfs is able to negotiate multi-year cash flow and savings opportunities for employers by leveraging the advance funding of three years of program costs. "The CHO program offers employers a means by which to take the guesswork out of funding their healthcare and workers' compensation expenses by enabling them to create a stable budget with predictable monthly costs," said Paul F. Caliendo, President and CEO of abfs.

This innovative employer stop loss coverage is unique in the industry today. Bob Rath, Executive Vice President of abfs, states, "The availability of this stop loss within the CHO program marks a significant evolution of our program as it greatly enhances the long-term construct of our offering." Because the CHO program takes a non-traditional approach to financing and potentially reducing benefits costs for employers with 1000 covered employees or more, the management of abfs believed that it would be essential to have an insurance carrier with the ability to "think outside of the box". The employer stop loss product will be underwritten by Berkley Accident and Health, LLC.

Berkley Accident and Health has entered into an agreement with TRU Services, LLC (TRU) to underwrite and administer this stop loss product. Jerry Trupiano, President of TRU, stated, "We are extremely excited to be a part of this new program. It fits perfectly with our history and reputation of taking a creative approach to underwriting medical stop loss insurance."

To learn more about the abfs CHO offering, contact Bob Rath at rrath@abfscho.com.

About abfs (www.abfscho.com) - Advance Benefit Funding Sources helps private and public employers take control of their benefits program costs by quantifying their future healthcare and workers' compensation costs and transforming them from a volatile and unknown variable expense to a totally predictable monthly fixed obligation. Backed by financial vehicles having a "Aaa" rating from Moody's, the abfs product has, over the past decade, helped employers better manage more than $4 billion in self-funded and fully-insured healthcare and workers' compensation expenses.

About TRU Services, LLC (www.truservices.com) - In business for over 10 years, TRU Services, LLC is a full service Managing General Underwriter servicing all aspects of employer stop loss programs on behalf of several leading insurance carriers in the industry. Dedication to the highest level of service and industry knowledge through its vastly experienced staff located in 6 offices throughout the country have made TRU an industry leader.
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Publication:Business Wire
Date:Jan 4, 2007
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