The Largest.
HealthPlan Services (HPS), a Water Street Healthcare Partners affiliate, is the largest independent provider of sales, distribution, benefits administration and customer service and retention solutions to the insurance and managed care industries. We serve insurers of individual, group, voluntary and association benefit plans and provide valuable solutions and support to thousands of brokers and insurance agents that sell into these markets.
Founded in 1970, HPS is one of two fully integrated companies of HealthPlan Holdings, Inc. HealthPlan Holdings offers an ever-expanding array of services to a growing client base, including many Fortune 500 companies. The other company is American Benefit Plan Administrators, Inc. (ABPA). Founded in 1951, ABPA specializes exclusively in providing administrative services for employee benefit plans on a national basis.
Our diverse customer base includes insurance companies, Exchanges, insurance agents, associations, employer groups and individuals and families.
Distributed Products
Medical | Dental | Vision | Life | Disability | Long Term Care | Section 125 LEARN MORE
Partnering with HPS creates a sustainable competitive advantage for us. 
-John Moats, Humana
Our History
Founded in 1970
Acquired by Dun & Bradstreet in 1978
IPO in 1995 on NYSE under ticker "HPS"
Management buyout in 2001 (investment partner: Sun Capital)
Acquired by Water Street Healthcare Partners in 2008
Our Mission
To be the benefit industry’s premier outsourcing solution for cost-effective distribution and administration by bringing exemplary service, proven technology and internal expertise to our business partners and their customers.
To grow, with increasing profitability, while providing our associates challenging and rewarding career opportunities.
Our Core Values
- To do the right things right
- To trust in people
- To win, but not at any cost
- To provide the highest quality service to our customer
- To make a difference...
Making a Difference. Each year for the past several years, HPS and its employees have actively supported Metropolitan Ministries, The United Way, and the Make-a-Wish Foundation® with a series of charitable donations.
Our "Believe It" Credo
HPS fosters a culture of "believers." Throughout our organization, employees are empowered and equipped to deliver extraordinary service to each of our customers. Each one of us makes a difference. Each one of us has the power to affect positive improvement and change. READ MORE
