America's Benefit Specialist November 2023

PRODUCT NEWS

many common conditions, including high blood pressure, certain cancers, dementia, asthma, diabetes and more. Through this relationship, Select Health members will have access to more than 1,000 prescription products at poten tially lower prices than traditional pharmacy locations. Select Health members can visit Cost Plus Drugs online to explore benefits now. Select Health member access to Cost Plus Drugs launched on September 15. For more information, visit selecthealth.org, scripius.org and costplusdrugs.com. OLD REPUBLIC ANNOUNCES FORMATION OF A NEW ACCIDENT & HEALTH COMPANY Old Republic International Corporation is forming a new underwriting subsidiary to provide accident & health insur ance products. The new company, Old Republic Accident & Health Inc., will focus on providing specialized coverages such as employers stop-loss and will be led by Gary Nidds as president. As a fellow of the Society of Actuaries (FSA), Nidds has more than 33 years of industry experience and an underwriting track record in A&H products, with successful executive leadership experience at Crum & Forster, Swiss Re and Munich Re. Old Republic Accident & Health will be the sixth new com pany that Old Republic has launched in the last eight years, adding to the depth and talent of the Old Republic General Insurance Group. ZIZZL HEALTH BREAKS NEW GROUND AS ICHRA PIONEER FOR LIMRA DATA EXCHANGE STANDARDS zizzl health is proud to be the first Individual Coverage Health Reimbursement Arrangement solution included on the LIMRA Data Exchange (LDEx) Standards list. Adopting these standards solidifies zizzl health’s position as a benefits administration platform that can more effectively implement and integrate with a wider variety of partners and systems in the space. The LDEx Standards, recognized as a benchmark for interoperability in the insurance and benefits world, serve as a guide for industry organizations seeking reliable trading partners for integrations and future implementations.

Outside of greater financial contribution from their em ployer (42%), employees cite more benefits and resources to help with their financial well-being (33%) and more options and benefits to choose from (33%) as the most valuable im provements to their current benefits package, according to the 2022 EBRI and Greenwald Research Workplace Well ness Survey. “Lifestyle benefits help employees invest in their physical and mental health,” said Jerame DellaPenta, Nova’s director of service delivery and engagement. “For employers, it’s a new way to engage employees, promote healthy workplaces and support unique employee circumstances. Well-rounded benefits packages can be deciding factors for employees searching for a new role or questioning whether to stay with their current company. These extra perks can have a positive impact on recruitment and retention.” Employers can determine their level of contribution, style of plan build, and which expenses are covered. This includes “off the shelf” or customized network options. Nova’s Lifestyle Benefits network uses predefined merchant categories so employers can choose to customize their plan based on their employees’ needs and interests – examples range from gyms and recreation centers to hobby shops or car washes. Through employer contributions, employees receive a debit card to use toward a variety of recreation, fitness, health and wellness goods and services. Employers determine the unique benefit structure that fits their population. To simplify the plan, an FSA, HRA or HSA can all be offered through one debit card along with a Lifestyle Benefit. To learn more, visit www.novahealthcare.com/novainnovations. SELECT HEALTH AND MARK CUBAN COST PLUS DRUG COMPANY JOIN FORCES Salt Lake City-based Select Health and its pharmacy ben efits manager, Scripius, recently announced that it is one of the first health plans in the United States to provide member access to Mark Cuban Cost Plus Drug Company, PBC (Cost Plus Drugs). This collaboration grants Select Health members direct access to Cuban’s groundbreaking prescription-drug service. Select Health, Scripius and Cost Plus Drugs share the goal of helping consumers understand the true cost of their prescriptions and secure the best pricing. Each are commit ted to providing a simple, seamless and transparent process to ensure people can access the prescriptions they need to stay healthy. This collaboration encompasses medications for

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