Covenant Services Group Announces a Multi-year Rate Guarantee Health Plan for Employer Groups

Document Sample
Covenant Services Group Announces a Multi-year Rate Guarantee Health Plan for Employer Groups Powered By Docstoc
					Covenant Services Group Announces a Multi-year
Rate Guarantee Health Plan for Employer Groups
December 16, 2010 12:03 PM Eastern Time  

ATLANTA--(EON: Enhanced Online News)--Covenant Services Group, a premier provider of health benefits risk
management and administrative services, has launched Covenant Advantage™, a multi-year rate guarantee health
program for employer groups with 200+ employees. This is the first program of its kind in the nation to address the
single largest challenge facing employer-based health plans of uncontrolled costs by allowing employers to reduce
risk and manage budgets by locking in health care rates on a multi-year basis.

Industry statistics state that over 75% of every dollar spent in healthcare is spent treating conditions that are lifestyle
related and largely preventable. Covenant Advantage addresses the problem of uncontrolled variable costs by
targeting unhealthy lifestyles, the core issue that drives health plan expenditures. By creating a synergistic partnership
between the employer and the employee, Covenant Advantage addresses the root cause by providing employees the
tools needed to actively monitor and manage healthy living choices.

“Overall results have been astounding,” said James F. Ballew, President and CEO of The Covenant Services Group.
“As a test pilot in 2005, our client’s claims were reduced by 28.8% during the first year and continued to decline
over the years as employees adopted healthier lifestyles.” 

Covenant Services Group and its insurance carrier partner offer employers a guarantee of a maximum rate increase
of no more than an 8% in total plan costs from one year to the next. As an industry leader, Covenant has assisted
employers to address health care costs as a risk management challenge, NOT a pricing issue.

Mike Masters, Executive Vice President of Covenant said, “Year in and year out, our clients were frustrated with
the increasing and uncertain costs of healthcare. So, we decided to become a proactive administrator / risk manager
and engage the employer and their employees with a plan to tackle the problem head-on.” 

“This is the most revolutionary approach to the financing of healthcare I have ever witnessed,” said Dominic Hagger,
Director of RFIB Group Limited, a London Insurance and Reinsurance brokerage firm. “The reinsurance community
is excited about the new, long-term partnerships with employer groups that the Advantage program represents.” 

About Covenant Services Group

Covenant Services Group has been a premier provider of health benefits risk management and administrative
services since 1992. As an innovator in its field, Covenant Services Group has aggressively tested health benefit
savings programs for self-funded employers over the past five years. Demonstrable, positive test results have
enabled Covenant to build a special partnership with a major, A+ rated insurer. Together, the two companies have
created a plan that strikes a harmonious balance between employees living healthy lifestyles and employers realizing
dramatic cost savings. For more information, visit

The Covenant Services Group
James F. Ballew, 678-258-8207
Michael R. Masters, 727-674-2213


Shared By:
Description: ATLANTA--(EON: Enhanced Online News)--Covenant Services Group Announces a Multi-year Rate Guarantee Health Plan for Employer Groups. a style='font-size: 10px
EON: Enhanced Online News EON: Enhanced Online News
About At EON: Enhanced Online News, we show you how to make your online press release thrive. If you want to drive traffic to your website, generate sales leads, make an announcement, or promote a new product, EON: Enhanced Online News delivers the online visibility that you need. EON: Enhanced Online News powered by Business Wire.