MedAmerican Companues

    By
    Broker World
    -

    The MedAmerica Companies

    Bill Naylon was elected president of Med­America Insurance Company, Med­America Insurance Company of New York, and MedAmerica Insurance Company of Florida (collectively, “MedAmerica”) at the board of directors meeting held recently. 

    Naylon has held various executive financial and subsidiary positions for Excellus BlueCross BlueShield since 1988 and has been acting president for MedAmerica since the retirement of the former president, Bill Jones, in December 2013.

    “Bill understands our expectations for MedAmerica and has already taken meaningful actions to position MedAmerica for long term sustainability,” said Chris Booth, CEO of The Lifetime Healthcare Companies, Inc., the parent company of both Excellus BlueCross BlueShield and the MedAmerica Companies.

    Dorothy Coleman, CFO of The Lifetime Healthcare Companies, noted that, “As part of the Excellus and MedAmerica leadership team for more than 26 years, Bill has a deep understanding of our organization’s values and of the long term care insurance industry.”

    “I am fortunate to have a strong and seasoned team at MedAmerica,” said Naylon. “We, and the industry in general, have been challenged by the prolonged low interest rate environment. I am confident that we have a viable long term strategy to continue providing insurance for the devastating costs associated with chronic illnesses.”

    The MedAmerica Companies underwrite insurance for chronic illnesses in all 50 states and are wholly owned subsidiaries of Excellus Health Plan, Inc., one of the largest not-for-profit health insurers in New York  state. It is the fifth largest seller of long term care insurance nationwide (LIMRA, May 2014). The company reported more than $2 billion in assets in 2013.

    Broker World is the only national insurance magazine founded, focused and edited to specifically address the brokerage marketplace and the unique informational needs of independent life and health producers who select the products best suited to their clients' needs from a variety of companies and marketers. The primary service is to provide a channel of communication between life and health companies and marketers and the 28,600+ proven producers of substantial amounts of brokerage business that constitute Broker World's readership.