Alliant Insurance coverage Providers acquires medical insurance company

Alliant Insurance coverage Providers has introduced its acquisition of medical insurance company Well being Market Options, LLC (HMS).

Based in 2022, HMS is targeted on direct-to-consumer Inexpensive Care Act (ACA) plans, which mix superior information science and human experience in serving to shoppers resolve on their healthcare. The Florida-based medical insurance company has grown to serve 1000’s of purchasers in additional than 20 states.

The settlement between the 2 corporations comes as a interval of fast progress is envisioned throughout the ACA market. For the third consecutive yr, enrollment for well being plans has set a document as greater than 21 million folks have signed up by means of medical insurance marketplaces for 2024.

Alliant chief government officer Greg Zimmer famous that HMS had managed to realize important progress inside a brief time period by combining service and innovation.

“Partnering with Well being Market Options supplies a chance for Alliant to additional develop our attain within the ACA market, whereas additionally investing in top-tier expertise and applied sciences that can solidify our power within the market,” stated Zimmer.

Alliant Shopper Group senior managing director Rick Ulmer stated that HMS’s staff would convey further innovation and market intelligence, which might assist in the continued growth of the agency throughout the ACA market.

“HMS gives a potent mixture of remarkable progress, high-level service, and powerful strategic relationships,” stated Ulmer.

With the acquisition, HMS will likely be a part of the Alliant Shopper Group, which incorporates the agency’s portfolio of consumer-facing operations. Its total staff will likely be becoming a member of Alliant.

“Alliant’s huge expertise and longevity within the insurance coverage trade, mixed with its entrepreneurial tradition and results-driven management, performed a major position in our choice to hitch forces. This strategic partnership will instantly present revolutionary new instruments and sources that can permit us to develop and scale even quicker within the ACA market,” stated Josun W. Staatsma, the president of HMS.

The phrases of the settlement between Alliant and HMS weren’t made obtainable to the general public.

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