Cone Well being/Novant Well being Pave Method for Joint Possession of Insurance coverage Firm – Cone Well being

August 17, 2022 By admin

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Dwelling > Newsroom > Information Search > Cone Well being/Novant Well being Pave Method for Joint Possession of Insurance coverage Firm
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Printed on Might 18, 2022
Shared possession of HealthTeam Benefit would increase the attain of high-quality care and protection to extra seniors.  
Greensboro–Cone Well being and Novant Well being have signed a letter of intent permitting Novant Well being to make an funding in HealthTeam Benefit. HealthTeam Benefit (HTA) is a Medicare Benefit plan owned by Cone Well being. It supplies protection for greater than 15,000 Medicare beneficiaries all through seven North Carolina counties. Due diligence is subsequent. The deal can be topic to the customary regulatory evaluations. HealthTeam Advantage Logo
“Cone Well being maintains majority possession, and this funding of capital will permit HTA to increase into extra markets,” says Dr. Mary Jo Cagle, CEO of Cone Well being. “It will permit extra seniors to benefit from the enhanced advantages of being a Medicare Benefit affected person in one of many top-quality packages in America.”

As a number one Medicare Benefit Plan primarily based in Greensboro, HTA provides all the advantages of authentic Medicare plus additional advantages comparable to dental, imaginative and prescient, listening to and health together with Medicare Half D prescription protection. As well as, members are assigned a private well being care concierge to name for solutions to plan questions and choices for care. HTA launched the realm’s solely Diabetes and Coronary heart Care C-SNP plan in Guilford County in 2020 and expanded the service space this yr to incorporate Alamance, Randolph and Rockingham counties.   
“COVID-19 has proven us how crucial it’s to have seamless skill to scale and associate with others to serve our total communities,” stated Carl S. Armato, president and CEO of Novant Well being. “Starting with serving our seniors, Cone Well being and Novant Well being will use their mixed attain to successfully associate with physicians and supply extra and higher insurance coverage program decisions throughout the state.”
Conducting enterprise as HealthTeam Benefit (HTA), Care N’ Care Insurance coverage Firm of North Carolina, Inc. is an entirely owned subsidiary of Cone Well being, included in 2015.

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