NFP Announces Launch of Health Care Reform Modeling Tool
NEW YORK, Nov. 13, 2012 /PRNewswire/ -- National Financial Partners Corp. (NYSE: NFP), a leading provider of benefits, insurance and wealth management services, today launched its Health Care Reform Modeling Tool, a Web-based actuarial analysis tool that delivers customized assessments of the potential financial consequences of the Patient Protection and Affordable Care Act (PPACA) to employer groups. This easy-to-use yet powerful solution provides NFP's benefits professionals with yet another resource to help clients design and implement effective employee benefits programs.
NFP's national employee benefits practice, a part of the Corporate Client Group, provides a broad suite of products and services that enable its professionals to fully support employer clients. These products and services include an extensive Benefits Compliance team, actuarial services, human resource services, benefits administration, communication and analysis tools, and many additional resources. NFP's benefits professionals combine their knowledge and expertise with these resources to deliver comprehensive solutions to NFP's clients.
The Health Care Reform Modeling Tool includes an actuarial feature that uses data readily available to employers to develop a customized financial analysis model. It enables advisors to prepare employers for PPACA's "Pay or Play" provision and "Cadillac Plan" excise tax, which go into effect in 2014 and 2018, respectively.
Commenting on today's announcement, Ed O'Malley, president, NFP's Corporate Client Group, said, "NFP's Health Care Reform Modeling Tool is another example of our commitment to providing our professionals with the most current technology and resources so they can develop client solutions based on informed decisions. We can now do even more than help educate clients on health care reform implications; this modeling tool provides the ability to successfully navigate the challenges and opportunities an evolving marketplace presents."
National Financial Partners Corp. (NYSE: NFP) and its benefits, insurance and wealth management businesses provide diversified advisory and brokerage services to companies and high net worth individuals, partnering with them to preserve their assets and prosper over the long term. NFP advisors provide innovative and comprehensive solutions, backed by NFP's national scale and resources. NFP operates in three business segments. The Corporate Client Group provides corporate and executive benefits, retirement plans, and property and casualty insurance. The Individual Client Group includes retail and wholesale life insurance brokerage, and wealth management advisory services. The Advisor Services Group serves independent financial advisors by offering broker/dealer and asset management products and services. Most recently NFP was ranked eighth on Business Insurance's 100 Largest Brokers of U.S. Business; second on Business Insurance's Largest Agents and Brokers Headquartered in the U.S. Northeast; and as the ninth top global insurance broker by Best's Review. NFP operates the fourth largest executive benefits provider of nonqualified deferred compensation plans administered for recordkeeping clients as ranked by PlanSponsor; operates a top 10 independent broker/dealer as ranked by Investment Advisor; and has three advisors ranked in Barron's Top 100 Independent Financial Advisors. NFP is also a leading independent life insurance distributor according to many top-tier carriers. For more information, visit www.nfp.com.
SOURCE National Financial Partners Corp.