HealthSmart Awarded Claims Administration Agreement by NYSUT Catastrophe Major Medical Trust - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
November 7, 2017 Newswires
Share
Share
Post
Email

HealthSmart Awarded Claims Administration Agreement by NYSUT Catastrophe Major Medical Trust

PR Web

IRVING, Texas (PRWEB) November 07, 2017

HealthSmart is pleased to announce an agreement to provide health claim services for the NYSUT Member Benefits Catastrophe Major Medical Insurance Trust (NYSUT CMMT). "I am delighted to welcome the NYSUT CMMT into the HealthSmart family of organizations," said Phil Christianson, HealthSmart's CEO. "With this new partnership, HealthSmart will be providing service to almost 70,000 NYSUT Members taking part in the NYSUT CMMT-sponsored Catastrophe Major Medical Insurance Plan."

NYSUT Member Benefits was established in 1983 for the purpose of endorsing and monitoring quality, competitive insurance plans and benefit programs for the NYSUT membership. In 2015, NYSUT Member Benefits established the NYSUT CMMT – with the Catastrophe Major Medical Plan being its sole purpose.

New York State United Teachers (NYSUT) is a labor organization comprised of more than 1,200 local unions that include classroom teachers, college/university faculty and professional staff, school bus drivers, custodians, secretaries, cafeteria workers, teacher assistants and aides as well as nurses and healthcare technicians. The contract with the NYSUT CMMT caps a strong third quarter for HealthSmart, which also welcomed another large group of 66,000 members, a combined gain of more than 140,000 new members.

With continual changes in healthcare, care management and legislative reform, HealthSmart is also changing. In addition to a talented new leadership team, there have been significant investments in product development, client services and call centers to support HealthSmart's strong commitment to its self-funded TPA clients. HealthSmart's new Prescription Benefit Manager (PBM) and specialty drug cost management services are helping to control costs for plan sponsors and their members.

"We conducted an extensive search for a claims administrator that would not only be cost-effective, but would also deliver the great service our members deserve," said Lynette Metz, Director of NYSUT Member Benefits. "We were impressed by HealthSmart's integrated technology and their record of providing high-level service in the industry."

"The entire HealthSmart team has worked diligently to deliver outstanding service and to solve the challenges our clients face," notes Christianson. "We strive to fulfill our brand promise: to lower the cost of healthcare and to serve our members with dignity and respect. We are grateful to our clients, partners and stakeholders for their support."

About HealthSmart
For more than 40 years, HealthSmart has offered a wide array of customizable and scalable health plan solutions for self-funded employers. HealthSmart's comprehensive service suite addresses individual health from all angles. This includes claims and benefits administration, provider networks, pharmacy benefit management services, business intelligence, on-site employer clinics, care management, a variety of health and wellness initiatives and web-based reporting. The Company's headquarters is in Irving, Texas, with regional hubs throughout the country. HealthSmart's mission is to improve member health and reduce healthcare costs.

Read the full story at http://www.prweb.com/releases/2017/11/prweb14886793.htm

Older

Mainers set to vote on whether to expand Medicaid

Newer

HIIQ LOSS NOTICE: Rosen Law Firm Reminds Health Insurance Innovations, Inc. Investors of Important November 13 Deadline in First Filed Class Action – HIIQ

Advisor News

  • Can your advisory firm survive without you?
  • I started using AI, but what now?
  • How to support an entrepreneur client with multiple businesses
  • Could a narrower focus help grow your practice?
  • U.S. debt hits $40 trillion: how to support concerned clients
More Advisor News

Annuity News

  • Solen Software Group Acquires Cooperative Technologies, Provider of 1035 Exchange and Annuity Replacement Software
  • MassMutual Expands Lending Options With New Secured Credit Line
  • Corebridge Financial Introduces Progressive Trigger, a First-of-Its-Kind Index Annuity Strategy Designed to Turn Missed Years into Future Opportunity
  • Insurer proposes $1.1M deal to resolve CA teachers’ annuity fee lawsuit
  • IMOs get frustrated with slow carrier adoption of faster technology
More Annuity News

Health/Employee Benefits News

  • Patients demand access to prescription drugs but need support
  • Oscar Health Inc. (NYSE: OSCR) Makes an Unexpected Move During Monday’s Session
  • Benefit sustainability, affordability challenge employers
  • Transparent Medicare Advantage guidance: Putting consumers first
  • Legislators hear report on thin hospital margins, advance prior authorization reform
More Health/Employee Benefits News

Life Insurance News

  • Solen Software Group Acquires Cooperative Technologies, Provider of 1035 Exchange and Annuity Replacement Software
  • Virginia orders Atlantic Coast Life to halt new business Nov. 1
  • AM Best Affirms Credit Ratings of China Taiping Insurance (Singapore) Pte. Ltd.
  • AM Best Upgrades Credit Ratings of Fidelity Life Association, A Legal Reserve Life Insurance Company; Affirms Credit Ratings of Industrial Alliance Insurance and Financial Services Inc. and Its Life/Health Subsidiaries
  • 777 Partners founder pleads guilty to $500 million fraud scheme
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Benefits Studio Launches to Fill the Missing Middle of Benefits Navigation at $49/mo
  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.