NEW YORK--(BUSINESS WIRE)--NFP, a leading insurance broker and consultant that provides employee benefits, property & casualty, retirement, and individual insurance and wealth management solutions, today announced the expansion of NFP Marketplace, a private exchange designed to manage costs for employers and offer competitive benefit options for employees. Through new partnerships with GetInsured and HealthPlanOne, NFP Marketplace enables employers to offer affordable health insurance options to retirees, COBRA-eligible individuals and employees who do not qualify for sponsored plans.
Ed O’Malley, president of NFP's Corporate Client Group, commented, “GetInsured and HealthPlanOne are valuable additions to NFP Marketplace and bring innovative health insurance solutions to our clients who are continuing to explore new approaches to administering benefits programs. Private exchanges, which include sophisticated decision-support tools and defined contribution capabilities, have introduced new ways for employers to make affordable health coverage a reality for their entire workforce. As a result, our clients can more effectively recruit and retain talent in a competitive marketplace, while at the same time reducing costs.”
GetInsured, a cloud-based health insurance exchange platform, helps employers offer non-sponsored employees, early retirees and COBRA-eligible individuals access to a broad array of Affordable Care Act-compliant health insurance options, including access to federally-subsidized coverage. Employees can shop for and enroll in a health insurance plan in a variety of ways, including a user-friendly web or mobile shopping experience, or working with a licensed broker through the GetInsured customer care center, which serves customers in more than 200 languages. GetInsured is licensed nationally, fully certified to enroll employees in subsidized health insurance and appointed with more than 200 insurance carriers.
“NFP is a trusted partner to employers who want innovative solutions for complex benefits needs,” said Chini Krishnan, GetInsured co-founder and CEO. “We are proud that GetInsured is the NFP Marketplace platform of choice for individual coverage. It is incredibly relevant, as more employers are realizing the benefits of private exchange offerings for their part-time, early retiree and COBRA-eligible populations.”
HealthPlanOne (HPO), a national provider of private healthcare exchange services for retirees, will enable employers to offer their retirees either a defined contribution or access-only program, which can provide significant cost savings to both employers and retirees. HPO’s web-based, proprietary platform lets retirees view plan details, compare individual plans, utilize decision support tools and maintain a link to their former employer, while their licensed advisors provide knowledgeable and objective guidance and enrollment support. HPO represents over 80 insurance carriers and offers more than 7,500 plans nationally.
“We are delighted to be the preferred provider of healthcare exchange solutions to retirees in the NFP Marketplace,” said Bill Stapleton, CEO of HealthPlanOne. “Our exchange solution has been shown to expand choice and reduce cost and, together with NFP, we will provide their clients a comprehensive benefits solution that meets the needs of both current and former employees.”
GetInsured is a cloud-based health insurance exchange platform that combines modern technology and customer service capabilities to make health insurance shopping easy and efficient. Since its founding in 2005, GetInsured has helped millions of consumers find the right health insurance plan for their needs and budgets. GetInsured is approved by the federal government to enroll Americans in subsidized health insurance plans, and also provides state governments and employers with SaaS-based technology solutions for public and private health insurance exchanges. For more information, please visit www.getinsured.com.
About HealthPlanOne, LLC
Founded in 2006, HealthPlanOne offers the broadest portfolio of Individual, Family and Medicare health plans from top-rated carriers nationwide. Holding licenses in all 50 states, the agency is appointed with all major national and regional carriers and offers nationwide assistance from knowledgeable, licensed insurance agents. For more information please visit: http://www.healthplanone.com/corporate.
National Financial Partners Corp. (NFP), along with its benefits, property & casualty and life insurance, and wealth management businesses, provides diversified advisory and brokerage services to companies and high net worth individuals.
NFP operates in three business segments. The Corporate Client Group provides corporate and executive benefits, property and casualty insurance, and retirement plans. The Individual Client Group provides retail and wholesale life insurance brokerage and wealth management advisory services. Advisor Services Group supports independent financial advisors by offering broker/dealer and asset management products and services.
Most recently, NFP was ranked by Business Insurance as the fifth-largest benefits broker by global revenue, fourth-largest U.S.-based privately owned broker and 11th-largest Largest Broker of U.S. Business. Plan Sponsor has named NFP the fifth-largest executive benefits provider of nonqualified deferred compensation plans by number of plans. The company also operates a top 10 independent broker/dealer as ranked by WealthManagement.com.
For more information, visit www.nfp.com.