HealthPlan Services Now Offers MetLife Long Term Care Insurance
TAMPA, FL - Sept 15, 2005 - HealthPlan Services, Inc. (HPS) announced today it is adding MetLife Long-Term Care (LTC) insurance to their current product portfolio. MetLife, one of the nation's leading insurers, is the sixth A-rated LTC carrier that HPS has added to its platform.
Long-term care products have emerged in recent years as a more essential insurance element of financial planning as the number of aging Americans rapidly increases and the cost of elderly care facilities rises.
"We are excited about the opportunity to provide our customers MetLife LTC products. In addition to being an industry leader, MetLife delivers a wide range of LTC benefit options to accommodate our diverse client base," said Jay Mclauchlin, senior vice president of sales for HPS. "MetLife products will complement our existing multi-carrier platform, that we developed not only for the ease that a single source provides to our agents and brokers, but also because we understand that one option simply couldn't meet the needs of the entire LTC marketplace."
About HealthPlan Services
HealthPlan Services (HPS), a Sun Capital Partners, Inc. affiliate, is the nation's largest provider of TPA services to the small business, voluntary and individual marketplace. HPS provides administration and distribution services for the employee benefit market focused in accident and healthcare segments. HPS' services are specifically designed to meet the needs of companies insuring individuals, small businesses and middle market companies. Offering products such as health insurance (PPO, HMO, Indemnity, consumer driven), Dental, Life Insurance, Disability, Long-Term Care and Ancillary products. For more information about HealthPlan Services, please visit www.healthplanholdings.com.
About Sun Capital Partners, Inc.
Sun Capital Partners, Inc. is a leading private investment firm focused on identifying leveraged buyout and investment opportunities in market-leading companies that can benefit from the expertise and experience of Sun Capital's in-house operating professionals. Sun Capital Partners has offices in Boca Raton, Los Angeles, New York and London. With more than $2.5 billion of capital under management, affiliates of Sun Capital Partners have acquired more than 90 companies throughout the world with consolidated sales in excess of $20 billion. For more information about Sun Capital Partners, Inc., please visit www.SunCapPart.com.
Contact: HealthPlan Holdings, Inc., Jeff W. Bak (813) 289-1000, extension 2037.
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