Press
NAFCU Services Launches Partnership with Marsh U.S. Consumer
Contact: David C. Frankil
703-842-2226
dfrankil@nafcu.org
Erick Piper
612.692.7659
erick.j.piper@marshpm.com
NAFCU SERVICES LAUNCHES PARTNERSHIP WITH MARSH U.S. CONSUMER TO PROVIDE HEALTH INSURANCE TO CREDIT UNION EMPLOYEES
WASHINGTON — NAFCU Services Corporation today announced a new partnership with Marsh U.S. Consumer that will provide health insurance options to credit unions for employees. Information about the program may be found at www.nafcu.org/marsh.
The Marsh Health Insurance Mart (http://nafcuhealth.com) provides access to custom health insurance plans, allowing NAFCU members to compare multiple plans, premiums and benefits from top-rated carriers for both group employer plans and individual/family insureds. A credit union may also consider Health Savings Accounts (HSAs) for its employees, which helps them save for qualified medical and retiree health expenses on a tax-free basis.
The program allows a credit union to compare plans from multiple companies rated “excellent” by the A.M. Best Company in 50 states. The Preferred Provider Organization (PPO) option offers a list of highly qualified medical providers and facilities. In addition, NAFCU members will receive custom consulting services in the program.
“As any credit union executive knows, health insurance rates can vary widely from year to year,” said David Frankil, president of NAFCU Services. “The Marsh website offers credit unions a fast and easy way to get multiple firms bidding for their business—an efficient process that ensures credit unions get the best benefits at the best price for their employees.”
“There is a tremendous amount of uncertainty about what the future holds for health insurance,” said Erick Piper, vice president of Marsh Global Consumer. “Beyond the usual issues associated with increased premiums, nobody is quite sure what impact the recently-passed health insurance reform will have. All of which suggests that it is prudent for credit union executives to keep their options open and consider all alternatives.”
About Marsh U.S. Consumer
Marsh Inc. has over 23,000 employees and provides advice and transactional capabilities to clients in over 100 countries. Marsh is a unit of Marsh & McLennan Companies (MMC), a global professional services firm with approximately 52,000 employees and annual revenue exceeding $10 billion. MMC also is the parent company of Guy Carpenter, the risk and reinsurance specialist; Kroll, the risk consulting firm; Mercer, the provider of HR and related financial advice and services; and Oliver Wyman, the management consultancy. MMC’s stock (ticker symbol: MMC) is listed on the New York, Chicago and London stock exchanges. MMC’s Web Site is www.mmc.com.
About NAFCU Services Corporation
NAFCU Services Corporation is a wholly owned subsidiary of the National Association of Federal Credit Unions (NAFCU). Since 1975, NAFCU Services has partnered with the industry’s leading solutions providers to offer value-added products and services at a discount to credit unions. Currently, it offers 28 Preferred Partner programs to the credit union community and maintains the credit union locator website CULookup.com. For more information about NAFCU Services Corporation, please visit www.nafcu.org/nafcuservices.