HealthPlan Services to Feature Its Business-Enhancing Outsourcing Solutions for Agents, Carriers at Benefits Selling Expo

TAMPA, FL--(Marketwire - March 17, 2009) - HealthPlan Services, the nation's largest independent provider of outsourcing solutions for fully insured products in the insurance industry, will showcase its consultative approach to sales support and plan administration at the 2009 Benefits Selling Expo, taking place April 1-3 in Austin, Texas.

The Expo is the benefits industry's leading educational and networking event for employee benefits brokers and agents. Attendees will have the opportunity to learn how HealthPlan Services' (Booth #529) consultative, educational approach can help them satisfy their employer group customers and grow their business. They can also enter a drawing for a free GARMIN® navigation system.

HPS is an agent's one-stop resource for a full range of products, including medical, dental, vision, life, disability, long-term care and various ancillary insurance lines. The full-service organization also manages underwriting and enrollment and provides complete back-office administration and customer support.

"Partnering with HPS simplifies an agent's job and gives them a distinct competitive advantage," said Jay McLauchlin, Senior Vice President, Sales and Distribution, HealthPlan Services. "We provide access to the expert resources and personal support agents need to successfully branch out into new products without diverting significant time or resources away from their core business."

HPS also meets the needs of carriers and distribution partners with its comprehensive, integrated suite of solutions and advanced support technologies that can be customized to meet specific business needs. It provides resources and capabilities that add exceptional value, including 1) e-billing and list billing capabilities, 2) guaranteed improved sales closing ratios and member retention, and 3) increased speed to market for payers.

As part of the Expo's educational sessions, Todd Cowan, HealthPlan Services' Senior Vice President of Distribution, will present "Selling Voluntary: Busting Myths and Building Profits." During the presentation, which takes place April 2 from 3:30-4:30 p.m., Cowan will educate attendees on the truth behind the four most common myths about selling voluntary products that can prevent agents from adding these profitable plans to their portfolios.

About HealthPlan Services

HealthPlan Services (HPS), a Water Street Healthcare Partners affiliate, is the largest independent provider of advanced business process outsourcing solutions and employee benefit services to the insurance and managed care industry. Since 1970, HPS has offered customized administration and distribution services to insurers of individual group, voluntary and association plans, as well as providing valuable solutions to thousands of brokers and agents that sell into this market. HPS proprietary, scalable technology provides innovative consumer-facing solutions that are turnkey self-service tools for our insurance carriers and distribution partners. HPS offers an ever-expanding array of services to a diverse and growing client base, and administers products that include Medical (PPO, HMO, indemnity, consumer-driven), Dental, Vision, Life, Disability, Long Term Care, Limited Medical, Medicare Supplement and Medicare Part D, as well as various other ancillary insurance. HPS is committed to providing extraordinary service to its customers. For more information about HealthPlan Services, please visit www.healthplan.com.

About Water Street Healthcare Partners

Water Street Healthcare Partners is a leading private equity firm focused exclusively on health care. With more than $1 billion of capital under management, Water Street is one of the most active investors in the health care industry. The firm has a strong track record of building market-leadership companies across key growth sectors in health care. It has partnered with some of the world's leading health care companies on its investments, including: Gentiva Health Services, Inc., Johnson & Johnson, Medtronic and Smith & Nephew. Water Street's team is comprised of industry executives and private equity professionals with decades of experience investing in and operating global health care businesses. The firm is headquartered in Chicago. For more information about Water Street, visit www.wshp.com.