PIC: PreferredOne Insurance Company

Established in 1984, PreferredOne holds the distinction of being on the largest Preferred Provider Organizations in the upper Midwest. PreferredOne’s PPO extends throughout, Minnesota, Wisconsin, Iowa, North Dakota, South Dakota, Montana, and Michigan.

In 1994, PreferredOne Community Health Plan (PCHP) was formed. Originally licensed as a Community Integrated Service Network (CISN), PCHP now operates as a health maintenance organization (HMO) serving 64 Minnesota counties. PCHP is a non-profit corporation that has consumer members participating on the Board of Directors.

In 1997, PreferredOne Administrative Services, Inc. (PAS) was launched as a Third Party Administrator (TPA). PAS manages group benefits and provides claims processing and other administrative services for employers who self-insure their medical and/or dental benefits and require customized approaches to their health benefit offering.

In 2005 PreferredOne Insurance Company (PIC) was introduced and operationalized, specializing in employer stop loss, as well as group and individual insurance products. The PIC stop loss product was originally offered in 2005 and was accepted by 21 employer groups with a total of 10,200 members. In July of 2006 the Individual plan was offered and in recent years has grown to over 1,600 members. In January of 2007 PIC introduced a group product combining a high deductible plan with a health savings account. Most recently, in September of 2008, PIC introduced a Short-term medical plan and there are even more new individual products just around the corner for the family, dependents and self employed.

In addition, Preferred One also provides PPO administrative services to more than 100 insurance carriers and competitor TPAs through access to PreferredOne contracted physicians, clinics, hospitals, and other health care providers on behalf of their members/employees. PreferredOne offers a wide range of services including utilization review, medical case management, flexible spending accounts, health reimbursement arrangements, COBRA continuation, health savings account qualified plans, short term disability, individual short term disability and fitness discount programs.

Finally, through it’s Minnesota licensed HMO, PreferredOne supports employers who want the predictability and limited risk exposure of a fully insured plan, and offers insured HMO products to small (2-49 employees) and large (50+ employees) employer market.

PreferredOne is dedicated to providing its clients with competitive costs and efficient administration. While competitive fixed costs are important, we also realize that a superior level of service is critical to the long-term success of a plan and to the satisfaction of its participants, therefore we continue the commitment to maintain a critical balance between the two.

Get your PreferredOne quotes and plan from a qualified agent or broker contracted through Health of America Insurance Agency today.