SIHO Insurance Services and Humana Form Alliance

SIHO Insurance Services and Humana Inc. announced today a strategic alliance to offer Humana’s line of Group Medicare and voluntary insurance benefits to Indiana employers and their employees. The new plans offer employers a no-cost option for expanded insurance benefits to employees and retirees that would not otherwise be accessible. The alliance combines the strength and stability of Humana, a leading U.S. health-benefits company with a national presence, and SIHO’s local market knowledge and expertise.

SIHO President and CEO David Barker said, “This alliance will allow us to offer a strong line of additional products to help employers enhance their employee benefits. It greatly 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 is now offering employers Humana’s Group Medicare and voluntary benefit products. Group Medicare plans allow employers to offer comprehensive medical and prescription drug plans for Medicare-eligible retirees. Voluntary benefits allow employers to offer their employees a selection of value-laden insurance enhancements to their existing SIHO medical plan, including vision, dental, life, disability and critical illness insurance.

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 employer does 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.

“This alliance is ideal,” Veronica Martin, President of Humana of Indiana, said. “SIHO has strong relationships with employers and consumers across our state. SIHO also shares Humana’s commitment to service excellence so it just makes sense for our two organizations work together.”