SOURCE: BenefitPoint, Inc.

June 01, 2005 13:30 ET

Platform Speeds Great-West Healthcare Quotes to Brokers and Employers

GREENWOOD VILLAGE, CO -- (MARKET WIRE) -- June 1, 2005 -- Great-West Healthcare today announced it entered into an agreement to use BenefitPoint® Aptus™ as its standard platform to help reduce the time it takes insurance brokers and their employer customers to get quotes or request renewals from the national employee benefits provider.

BenefitPoint's application is used by more than 400 broker offices and 60,000 employers representing over 45 million lives. Great-West Healthcare will be extending the reach of Aptus to the thousands of brokers and consultants across the United States who quote Great-West Healthcare benefits. Of carriers using the platform, only Great-West Healthcare offers health plans with a disease management program twice recognized as the nation's best for a national PPO by the Disease Management Association of America.

"We're pleased to make our quotes and renewals available on a platform that brokers say delivers double-digit improvements in their productivity and operational time savings," said Mark Stadler, Great-West Healthcare's senior vice president of U.S. markets. "This signals our continuing commitment to make benefits procurement and management with Great-West Healthcare even easier and faster."

Stadler added that its agreement with BenefitPoint provides a secure, auditable process that serves the best interests of brokers and their customers, as well as Great-West Healthcare.

"Great-West Healthcare and brokers can now communicate using our transparent, online medium," said John Randazzo, CEO of BenefitPoint. "The innovative aspect of our partnership is the integration of Great-West Healthcare and Aptus technology, resulting in faster, auditable, standardized quotes and enabling brokers and consultants to procure benefits more easily for their customers."

"We are pleased to see Great-West Healthcare adopting the BenefitPoint software and processes," said Sean Murphy, executive vice president, Lockton Companies of Georgia. "From a national perspective, Lockton Companies is engaged in a strategic objective to leverage this solution, and it's great to see another carrier partner move in this direction."

About Great-West Healthcare

Great-West Healthcare, a division of Great-West Life & Annuity Insurance Company, is a national employee benefits provider with expertise in self-funding and health care management solutions. Nationally, the division operates a health care network that includes more than 4,200 hospitals and 530,000 providers and provides health care coverage to nearly 2 million people. Visit www.greatwesthealthcare.com for more information.

Great-West Life & Annuity Insurance Company, headquartered in metro-Denver, serves its customers through a full range of health care plans, life and disability insurance, annuities, and retirement savings products and services. It is an indirect, wholly owned subsidiary of Great-West Lifeco Inc. and a member of the Power Financial Corporation group of companies. Great-West Life & Annuity Insurance Company is not licensed to do business in New York. Products are sold in New York by its subsidiary First Great-West Life & Annuity Insurance Company, White Plains, N.Y.

About BenefitPoint

BenefitPoint, the Council of Insurance Agents and Brokers' preferred platform for employee benefits customer relationship management and procurement, makes it easier to manage, buy and sell benefits. Brokers, consultants and carriers realize expanded business opportunities, operational efficiencies and a greater ability to deliver quality information and services to employers and employees. Aptus, BenefitPoint's CRM and procurement product, has been widely adopted by the industry. More than 400 broker and consultant offices use the product, managing 60,000 employer clients with over 45 million lives and approximately $105 billion in premium. Over 420 carrier organizations use BenefitPoint to access broker and consultant requests for proposal and renewal requests. The company, headquartered in San Francisco, can be reached at 415-277-5700. Take a tour of the BenefitPoint Aptus product demo on the corporate Web site at www.benefitpoint.com.

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