| Norwell,
MA (January 5, 2010) — Partners Benefit Group (PBG), a full-service employee
benefits management company, headed by Mike McKenna, today announced it has formed
a permanent alliance with Members Insurance Agency, LLC, a wholly-owned subsidiary
of the Massachusetts Credit Union League, the New Hampshire Credit Union League
and the Credit Union Association of Rhode Island.
As a leader in creative
cost containment strategies and with their direct claims management capabilities,
PBG is able to create options seldom implemented by insurance generalists. Through
its new alliance with PBG, Members Insurance Agency aims to maximize the value
of the employee benefits programs being made available to the 256 credit unions
located throughout Massachusetts, New Hampshire and Rhode Island. This partnership
formalizes the long-standing relationship PBG has had with Members Insurance Agency.
“We have enjoyed working with Members Insurance Agency for nearly ten
years on their credit union business and are thrilled they have chosen to affiliate
with us,” said Michael McKenna, President, PBG. “We look forward to
applying our resources and leverage to create better and more economically advantageous
benefit plans for our credit union clients, which, in this difficult time are
more important than ever.” Director of
Account Service, Andy Hollatz, will continue to be the primary employee benefit
interface for the credit union decision makers, including CFO’s, Benefits
Managers and/or Human Resources Directors. Hollatz will now be formally backed
by the PBG account service team in providing administrative support on questions
regarding legal issues, compliance questions, COBRA and claims administration Anticipating
the move from traditional Managed Care health plans to the now more prevalent
higher deductible HMO and PPO based Consumer Directed Health Care Plans, Members
Insurance made the strategic decision to align itself with the recognized expert
in the creation and management of these benefit plans. By choosing to partner
with PBG, Members Insurance increased its ability to access benefit plans that
reduce cost without significantly increasing out-of-pocket expenses to the employee
or diminishing the overall quality of the plan itself. Members Insurance also
recognized that these plans represent the best opportunity to obtain long-term
premium stability. As a result of this permanent
partnership, credit unions will continue to enjoy these advantages as well as
benefits that come from PBG’s preferred status with the major plan providers,
comprehensive administrative resources and operational efficiencies.
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