Cherry Hill, NJ, February 24, 2014 – Energi and HDI-Gerling America Insurance Company has selected InsurCard’s Prepaid Card program as their preferred method of paying workers’ compensation benefit payments to both injured workers and healthcare providers.
InsurCard, the industry leader in prepaid card programs for workers’ compensation payments, provides a complete payment solution to insurers and TPAs who make claim payments to both injured workers and healthcare providers. Leading the rapid rise of prepaid debit cards being used for paying workers’ compensation, InsurCard has created a unique ‘Total Payment Solution’ that provides electronic delivery of payments to individual claimants using a plastic prepaid card and to healthcare providers using a virtual prepaid card.
For Energi and HDI-Gerling America, InsurCard’s “Total Payment Solution” is a more efficient method for making claim payments to injured workers and healthcare providers than traditional paper checks. Prepaid cards cost less than checks, have built-in fraud controls, and are now widely accepted by consumers and merchants alike.
“When Energi approached York (its TPA) about moving to InsurCard’s prepaid card program to pay their workers’ compensation claims, we recognized that this process would benefit claimants and providers by giving them immediate access to payments. We are always interested in exploring new technology and ways to improve efficiencies and have been pleased with the results here,” said Rick Stasi, President of York’s Alternative Risk Solutions division.
“New technology has unlocked major advances in how the insurance industry does business. Prepaid debit cards for electronic workers’ compensation benefit payments are the next step forward in providing the smart claims service our clients want. After researching the marketplace for electronic payment solutions, InsurCard was the natural selection for our prepaid card program,” said Robert Woods, Senior Vice President of Claims, Energi Insurance Inc.
InsurCard, the leading developer of workers’ compensation prepaid card programs, has partnered with York during the implementation process to bring the program to market. “InsurCard designed the InsurCard prepaid card program specifically to meet the stringent requirements of workers’ compensation benefit payments. InsurCard is the only prepaid card program that has state compliance approval for use in 43 states, Washington D.C. and Puerto Rico. By pairing our prepaid card program to pay claimants with our virtual card program to pay healthcare providers, we are able to provide a complete electronic payment solution for York and their clients, Energi and HDI-Gerling America.” said Bob Mendte, President of InsurCard.
About York Risk Services Group:
York Risk Services Group Inc. is a premier provider of claims handling, specialized loss adjusting, managed care, pool administration, loss control and other risk management and insurance services nationwide. York provides risk management and managed care solutions to a variety of strategic partners, including insurance carriers, self insureds, brokers, wholesalers, MGAs, programs, risk pools and public entities. York delivers customized claims solutions for all lines of business, including property, liability, products liability, ocean and inland marine, environmental, transportation and logistics, construction and workers’ compensation. York is based in Parsippany, New Jersey with approximately 3,750 employees nationwide.
Visit us on the web at www.yorkrsg.com.
About Energi and HDI-Gerling America:
In 2011, Energi and HDI-Gerling America Insurance Company formed a strategic partnership to provide a broad spectrum of risk management and insurance products to the US energy industry. Energi and HDI-Gerling America offer policyholders the ability to employ unique risk management programs tailored to the specific needs of the energy industry, combined with insurance programs that best fit their individual businesses. The affiliation between Energi and HDI-Gerling America provides options allowing businesses to choose between Guaranteed Cost, Large Deductible, Retrospective Rated, Group Captive and or Single Account Captive programs. These products are offered to select sectors in the fuel distribution, fuel transport, energy construction, renewable energy, energy cooperatives, energy product manufacturers, utilities, and exploration & production markets.
Energi is an Industrial Reinsurance Company that provides specialized risk management and insurance programs to targeted sectors of the North American energy industry. Energi is a leading developer and underwriter of innovative insurance products to deliver critical protections for alternative energy and energy efficiency warranties. These coverages are designed to mitigate the performance risk inherent in energy efficiency retrofits, commercial solar projects, and alternative energy product manufacturing. (www.energi.com).
HDI-Gerling America Insurance Company is a commercial property and casualty insurer licensed in all 50 states, Washington D.C. and Puerto Rico. The company provides commercial insurance solutions to European clients of HDI-Gerling Industrie Versicherung AG, a Talanx Group company, as well as commercial property insurance to U.S. domiciled multinational corporations (www.hdi-gerling.com).
InsurCard is the leading provider of prepaid card programs for payment of Workers Compensation benefits. Employing specialists in insurance operations, systems and prepaid card programs, InsurCard’s prepaid card programs are designed to meet the stringent requirements of the insurance industry.
InsurCard’s “Total Payment Solution” pays Workers Comp benefits to both claimants and healthcare providers with network-branded prepaid cards. InsurCard offers two products for different uses: a personalized, reloadable plastic prepaid card for Workers Compensation indemnity payments to injured workers; and a virtual prepaid card designed specifically to make payments directly to healthcare providers. Both products have been highly praised by the industry for making electronic payments more effective, simpler, faster and secure. For more information, visit www.insurcard.com
Media Contact Information
Antenna Group for Energi
978-531-1822 x 318