Siho Insurance Services announces alliance with Humana
Published:17-April-2009
By Datamonitor staff writer
New line of life, disability, dental and medicare health plans available at no cost to employers, claims the company
Siho Insurance Services and Humana have announced a strategic alliance to offer Humana's line of Group Medicare and voluntary insurance benefits to Indiana employers and their employees.
Siho and Humana said that the new plans offer employers a no-cost option for expanded insurance benefits to employees and retirees that would not otherwise be accessible.
According to Siho and Humana, having access to these plans allows employers to offer benefits they often could not otherwise afford. Humana's Group Medicare and voluntary benefits are offered through the employer, but the employers do not bear the cost of the plans themselves, offering a zero-cost way for employers to enhance their offerings to employees. Likewise, because these plans are offered through the employer and in a group-rated environment, consumers have access to plans they might not be able to afford or access individually, the companies added.
David Barker, Siho's president and CEO, said: "This alliance will allow us to offer a good line of additional products to help employers enhance their employee benefits. It expands our product line and will allow us to offer employers one-stop-shopping for easier benefit administration and a single point of contact."
SIHO, a health plan administrator, was established in 1987 and claims to serve more than 80,000 members with a network of more than 9,000 physicians and 65 hospital facilities. SIHO’s Indiana offices are in Bloomington, Columbus, Seymour, Indianapolis, Logansport and Evansville. The company also has an office in Owensboro, Kentucky.
