REGINA, SK, April 1 2008 – Co-operators Life Insurance Company is pleased to announce the successful launch of a new platform for drug, dental and extended health claims adjudication. It includes the capability to provide online dental claims submission and a fully integrated Co-operators pay direct drug card and pharmacy benefit management capabilities. Co-operators Life has been accepting claims from new group benefits clients through this system since the beginning of January. Existing clients and their dependents will be converted to the new system by the end of June 2008.
“This phase is an important first step in confirming to the market that we are in the health and dental business and positions us for success in the future,” said Janice Wallace, Vice President, Group Benefits. “But more importantly it will allow us to provide even better service to our clients in the years ahead through the provision of web-based services and cost containment options. Additionally, The Co-operators will be using the launch of our new claims platform as an opportunity to reinforce our capabilities as a full line benefit carrier and a strong alternative in the market.”
About Co-operators Life Insurance Company:
Co-operators Life Insurance Company is a wholly owned subsidiary of The Co-operators Group Ltd., the leading Canadian-owned multi-product insurance company. Co-operators Life provides group life, disability, extended health and dental benefits to over 300,000 plan members across Canada, and has been an underwriter of group insurance plans for more than fifty years. www.cooperators.ca