SPRINGFIELD — Consolidated Health Plans (CHP), a Springfield-based, third-party administrator and Berkshire Hathaway subsidiary, announced this week it is in the process of launching a new student accident- and health-insurance entity to meet the needs of the dramatically changing student health-insurance marketplace.
“For over two decades, CHP has provided comprehensive, flexible, and affordable student health-insurance solutions to colleges and universities across the country,” said Drew DiGiorgio, CHP president and CEO. “These solutions — combined with our proactive risk management, efficient claims processing, and low-cost operations — have created a win-win for our customers and for our health-insurance company partners. As a full-service TPA, CHP will continue to provide great service and solutions to a variety of insurance companies for all their administrative service needs, and launching this new insurance entity will allow us to serve the higher-education market even more comprehensively for years to come.”
CHP and its new insurance entity are in the process of working with state regulators across the country to complete state rate and form filings, as well as with A.M. Best to secure financial ratings. CHP is committed to providing colleges and universities nationwide with student health-insurance solutions for the 2017-18 academic year and beyond.