Posted at 10:01 a.m., Monday, March 5, 2007
HMSA is selling benefit services subsidiary
Advertiser Staff
The Hawaii Medical Service Association is selling its Benefit Services of Hawaii Inc. unit to Life and Specialty Ventures LLC in a transaction set to take effect in April. Terms of the sale were not released.HMSA, the state's largest health insurer, said the change in ownership should be seamless. The 15-year-old Benefit Services of Hawaii provides employee benefit services that includes flexible spending plans, temporary disability, group term life, and health reimbursement arrangements, HMSA said in a news release.
Life and Specialty Ventures is owned by the Arkansas Blue Cross and Blue Shield and the Blue Cross and Blue Shield of Florida.
