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Products October 28, 2003
New Partnership Debuts CDHP in Illinois
October 28, 2003 (PLANSPONSOR.com) - Benefits
managers have a new consumer-driven health plan (CDHP) to
consider from a new partnership of the Guardian Life
Insurance Company of America and Destiny Health.
Reported by Fred Schneyer
According to a news release, the joint venture will debut the CDHP in Illinois and then roll it out further in other selected US markets. Richard White, Guardian senior vice president for Group Insurance said the CDHP encourages policyholders to help cut health-care costs.
Ken Linde, president and CEO of Oak Brook, Illinois-based Destiny Health said that his parent company, Discovery Health, has been offering the CDHP for more than a decade, with a current total of more than 1.5 million members in the US and South Africa.
Guardian is the fourth largest US mutual life insurance company, according to the announcement.