ORANGE, Calif.--(BUSINESS WIRE)--
The Word & Brown Companies, a leading health-insurance and employee-benefits provider headquartered in Orange County, announced the sale of HealthCompare, Quotit, and a book of Medicare and Individual and Family Plan (IFP) focused business to National General Holdings Corp. (Nasdaq:NGHC). The sale does not affect small group, large group, or IFP business through the Word & Brown General Agency.
HealthCompare helps individuals, families, and those eligible for Medicare research, compare, buy, and enroll in health insurance in all 50 states. Licensed agents and General Agencies subscribe to Quotit technology to power their online proposal and enrollment activities and gain access to more than 40,000 on- and off-exchange Individual & Family Plans (IFP) and Medicare insurance plans through more than 300 carriers. Both companies were among the first awarded a Federally Facilitated Exchanges Web Broker Entity (FFE WBE) Agreement by the Centers for Medicare & Medicaid Services (CMS) in 2013.
National General specializes in Consumer insurance products, including Health, Ancillary and Medicare products.
“Our long-standing relationship with National General and their willingness to invest in the long-term success for HealthCompare and Quotit in a post ACA environment solidified the deal,” said John Word III, co-founder of The Word & Brown Companies. Co-founder Rusty Brown added, “We believe this is the right move for everyone.”
The Word & Brown Companies will continue to focus efforts on the Word & Brown General Agency, CHOICE Administrators, California Rx Card and Nevada Drug Card programs.
About National General
National General Holdings Corp., headquartered in New York City, is a specialty personal lines insurance holding company. National General traces its roots to 1939, has a financial strength rating of A- (excellent) from A.M. Best and provides personal and commercial automobile, homeowners, umbrella, recreational vehicle, motorcycle, supplemental health, and other niche insurance products.
About The Word & Brown Companies
Trusted for more than 30 years, The Word & Brown Companies include: Word & Brown® General Agency, the largest general agent in California and Nevada focusing on small group, large group, and IFP; CHOICE Administrators®, the parent organization of the nation’s largest multi-carrier, small group private health exchange, CaliforniaChoice, and America’s first ancillary benefits exchange, Choice Builder; and the California Rx Card and Nevada Drug Card, which offer prescription drug savings of up to 75% at pharmacies nationwide, saving Californians and Nevadans more than $400 million since 2007. For more information, visit www.wordandbrowncompanies.com.
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