HealthPlan Services adds Simply Dental Plans

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HealthPlan Services adds Simply DentalSM Plans to its Line of Small Group Plans

TAMPA, Fla. – (Oct. 31, 2008) – HealthPlan Services, the nation’s largest provider of outsourcing solutions for fully-insured products in the insurance industry, has begun rolling out Simply Dental Plans, the newest addition to its line of small group dental plans. Affordable, easy to use and simple to understand, Simply Dental Plans are underwritten by Ameritas Life Insurance Corp. and designed to help keep benefit costs predictable and rates stable.

“Simply Dental is an affordable way for employers to expand their employee benefits packages by offering dental insurance, which is the second most requested employee benefit,” said Jay McLauchlin, Senior Vice President of Sales and Distribution, HealthPlan Services. “Developed specifically to meet the needs of today’s busy and cost-conscious employees and employers, these innovative plans eliminate the complexities that often characterize many dental plans. This also makes them easy for agents to sell.”

The Simply Dental line includes the Easy Plan and Easy+ Plan, each of which offers two benefit levels, and the Edge Plan that offers three benefit levels. There is no elimination period for benefits paid within levels, and reimbursements are based on the amount of the expense rather than the benefit category. They also feature a choice of annual maximum benefits, and optional orthodontia coverage for both children and adults.

Simply Dental Plans cover most dental expenses and allow members or their dentists to submit claims for reimbursement, which are typically processed within 5-10 business days. Although the PPO network of the more than 80,000 provider access points typically saves members 25%, expenses are covered equally whether they choose an in- or out-of-network dentist.

Benefits include Ameritas Group’s Dental Rewards®, an innovative program that allows qualifying members to carry over their unused annual maximum amounts for later use, up to a $2,000 annual maximum benefit.

“Simply Dental is unlike any other small group dental plan,” said McLauchlin. “It is low cost, flexible and provides an easy way for members to make the most out of a modest annual maximum.”

For more information on Simply Dental Plans, agents should call HealthPlan Services at 1-800-545-6441.

About HealthPlan Services
HealthPlan Services (HPS), a Water Street Healthcare Partners affiliate, is the largest independent provider of advanced business process outsourcing solutions and employee benefit services to the insurance and managed care industry. Since 1970, HPS has offered customized administration and distribution services to insurers of individual group, voluntary and association plans, as well as providing valuable solutions to thousands of brokers and agents that sell into this market. HPS proprietary, scalable technology provides innovative consumer-facing solutions that are turnkey self-service tools for our insurance carriers and distribution partners. HPS offers an ever-expanding array of services to a diverse and growing client base, and administers products that include Medical (PPO, HMO, indemnity, consumer-driven), Dental, Vision, Life, Disability, Long Term Care, Limited Medical, Medicare Supplement and Medicare Part D, as well as various other ancillary insurance. HPS is committed to providing extraordinary service to its customers. For more information about HealthPlan Services, please visit www.healthplan.com.

About Water Street Healthcare Partners
Water Street Healthcare Partners is a leading private equity firm focused exclusively on health care. With more than $1 billion of capital under management, Water Street is one of the most active investors in the health care industry. The firm has a strong track record of building market-leadership companies across key growth sectors in health care. It has partnered with some of the world’s leading health care companies on its investments, including: Gentiva Health Services, Inc., Johnson & Johnson, Medtronic and Smith & Nephew. Water Street’s team is comprised of industry executives and private equity professionals with decades of experience investing in and operating global health care businesses. The firm is headquartered in Chicago. For more information about Water Street, visit www.wshp.com.