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ConnectedCare acquires Mid-Atlantic Health Insurance Broker

ConnectedCare, the revolutionary solution for managing consumer-directed healthcare savings plans, announces that it has finalized the acquisition of Bay Benefits LLC, a regional broker and health insurance consulting firm headquartered in Phoenix, Maryland. Barbara Cummons Joins ConnectedCare as Vice President, Client Services. ConnectedCare solves one of an employers largest potential issues: what happens to the savings accounts, debit cards and account management processes and the healthcare education tools when a company changes from one carrier to another?

Baltimore, MD January 13, 2006 -- ConnectedCare, the revolutionary solution for managing consumer-directed healthcare savings plans, announces that it has finalized the acquisition of Bay Benefits LLC, a regional broker and health insurance consulting firm headquartered in Phoenix, Maryland.

Bay Benefits, founded in 2002, specialized in providing health insurance advisory and brokerage services to a wide range of business clients throughout the Mid-Atlantic area. Barbara Cummons, CEBS, joins ConnectedCare as Vice President, Client Services, where she will be responsible for all client-facing services for this rapidly growing Consumer-Directed Healthcare (CDH) solutions business. The opportunity to join ConnectedCare at this stage of its growth, and to be able to leverage all my past experiences, healthcare industry contacts and broker and TPA relationships was just something I couldnt pass up, says Ms. Cummons. Ive seen the various carrier offerings, and ConnectedCares carrier-independent solution for integrating and managing healthcare savings accounts - FSAs, HRAs and HSAs. ConnectedCare solves one of an employers largest potential issues: what happens to the savings accounts, debit cards and account management processes and the healthcare education tools when a company changes from one carrier to another? Using the ConnectedCare platform, nothing!

The savings account administration and healthcare tools sit on top of the health care plan or plans rather than being bundled or co-mingled, so when an employer changes carriers the administrative platform remains in place. And if an employer has several plans from different carriers, no problem; the same account management platform and toolset can be used for all plans, and the system knows the different plan design rules and manages these in the background. ConnectedCares platform is the only system Ive seen that not only anticipates the future direction of health savings accounts, but already delivers the portable, individually managed healthcare solutions that were envisioned when HSAs were introduced.

We are delighted to have someone with Barbaras experience join ConnectedCare. Ive known Barbara for over six years and have watched Bay Benefits prosper under her management. With her talents focused on delivering ConnectedCares CDH solutions to our clients, we expect to achieve the highest levels of service and client satisfaction while providing all the value-added services our clients have come to expect from us says Terry Hunter, ConnectedCares CEO. Since Barbara was a successful broker, she understands ConnectedCares broker distribution strategy and can help brokers achieve their desired results and properly service their customers.
         
Before founding Bay Benefits, Ms. Cummons was with Willis and Hilb, Rogal & Hamilton, two of the largest insurance brokerage firms in the United States, and First Health Strategies, a healthcare third party administrator. She holds an MBA in Finance from Nichols College.

About ConnectedCare
ConnectedCare was conceived, engineered and built specifically to be the leading carrier-independent administrative portal for managing healthcare savings accounts, the foundation for consumer-directed healthcare plans. ConnectedCare provides employers with an outsourced benefits administration platform to control healthcare benefits costs while increasing employee awareness and responsibility for managing healthcare spending. Headquartered in Baltimore, Maryland, ConnectedCare is dedicated to helping organizations reduce their healthcare costs through consumerism and education. ConnectedCare provides the advice and tools necessary to transition an organizations existing health insurance plans to a Consumer-Directed Healthcare Plan (CDHP) model. For more information, visit www.ConnectedCare.com or call 877-495-3341.

FOR IMMEDIATE RELEASE
For information, contact:
Jamie Spriggs
ConnectedCare LLC
(443) 322-2489
e-mail protected from spam bots

This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: www.HRmarketer.com) on behalf of the company listed above.

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