OptiMedHealth Launches GAP Coverage in Collaboration With Markel®

OptiMedHealth, a third-party administrator, announced it has signed an agreement with Markel. Under the agreement, OptiMed will underwrite GAP coverage on behalf of an insurance affiliate of Markel, as well as handle claims and administer premiums.* 

"We are honored to be writing GAP insurance for Markel," Tim Dewey, VP of Operations, said. "Between OptiMed's deep expertise in employer GAP coverage and Markel's network of producers, we are well positioned to take advantage of the growth opportunities that exist in this line of business. We look forward to a long and successful collaboration with Markel."

GAP is a tool to manage the ever-increasing expenses for employers and their employees. OptiMed has been a leader in writing GAP insurance for over 50 years. The company prides itself on offering the best customer service in the industry. With a vast team of knowledgeable experts in the field, OptiMed continues to help employers come up with the right GAP coverage plan to fit their individual needs. Markel and OptiMed are a perfect fit to help drive one of the best possible service and programs to everyone in their networks.

"Part of the Markel Style is to be a market leader and have a zealous pursuit of excellence," said Jeff Lamb, Executive Director, Program and Alliances. "Our collaboration with OptiMedHealth helps establish us in the GAP marketplace to leverage OptiMed's claims expertise along with Markel's capital and strong distribution partnerships. Markel is excited to work with Tim Dewy and the team to build our presence in the GAP Supplemental industry."  

About OptiMedHealth

Founded in 1968, OptiMedHealth Plans is driven by the mission to help brokers and employers find the right coverage for their team and their business with its self-service technology. The company acts as a one-stop-shop for managing all intricacies of the health plan structure, pricing, and product design and provides the best-fit solutions to clients. OptiMedHealth covers the entirety of employee health benefits, from the acquisition of a health plan to its management and maintenance. OptiMedHealth follows a total customer ownership approach, focusing on offering a digital experience through its platform across the lifespan of every client relationship. The OptiMed platform allows brokers to quickly and efficiently provide employers with quotes in real time. This digital approach relieves brokers from the quandary of manually collecting all the information and relaying it to employers. As a result, employers can make crucial decisions in minutes instead of days. OptiMed offers white glove service to everyone we do business with.

For more information, visit OptiMedHealth on the web at www.optimedhealth.com.

About Markel®

About Markel
Markel is a diverse financial holding company serving a variety of niche markets. The company's principal business markets and underwrites specialty insurance products. In each of the company's businesses, it seeks to provide quality products and excellent customer service so that it can be a market leader. The financial goals of the company are to earn consistent underwriting and operating profits and superior investment returns to build shareholder value. *Coverage is underwritten by Markel Insurance Company. Markel^® is a registered trademark of the Markel Corporation. Visit Markel on the web at markel.com.

Contact Information:

Associate Director, External Communications- Markel

chelsea.rarrick@markel.com

VP of Marketing OptiMedHealth

bgray@optimedhealth.com

502-686-0448

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