News & Insights
Latest news, thoughts and points of view from the Chariot Companies and its subsidiaries
PHILADELPHIA, PA (PRWEB) JUNE 19, 2014
Chariot Health and SRG Partner Bring to Market Medicare Plans with a Social Purpose
Chariot Health and Senior Resource Group (SRG) today announced a partnership to bring innovative Medicare health insurance products to seniors through a minority-owned Community Development Entity (CDE). The goal of the new alliance is to provide Medicare insurance products to all seniors while giving back 20 percent of the net profits to the Philadelphia Foundation to make investments in local non-profit organizations that serve low-wealth seniors and children.
More than 2.8 million Americans are expected to turn 65 this year making them eligible for Medicare and Medicaid services. The number of Medicare participants is expected to reach 80 million by 2030. The new alliance between Chariot Health and SRG, a field marketing organization (FMO), was created to serve this growing population of aging Americans with supplemental Medicare insurance.
“This marks the first time that a CDE has partnered with an insurance FMO in a way that creates value for seniors while giving back to the community,” said John A. Henry, Jr., CEO of Chariot Health, LLC and Founder and Chairman of Chariot Companies. “Through this partnership we will be able to build on both firms’ experience to offer innovative Medicare insurance options with an added social value proposition.”
The partnership also promises to change the nature of Medicare insurance marketing practices by combining technology and community development. SRG has more than 500 field brokers and a state-of-the-art telephonic enrollment system. The company offers web-based information and is also creating a web sales platform. “John Henry is a passionate and knowledgeable leader that has a clear vision in terms of what he wants to do in and for our communities. He is assembling a talented group of partners to do what needs to be done and succeed in my view,” said Rev. Dr. Wilson Goode, Sr., who serves as a Chariot board member and senior advisor.
The first phase of the new program will bring Medicare health insurance products to seniors throughout greater Philadelphia and New Jersey. Ultimately, the program will be rolled out nationwide. “John Henry is a leader among leaders and making history through his vision to rethink business. Chariot Health is just one of those innovative strategies to create win-win opportunities for all,” said Ernest C. Green, civil rights pioneer and one of the first Black students to integrate the Central High School in Little Rock, Ark. Mr. Green serves as a Chariot board member and senior advisor.
About Chariot Health
Chariot Health offers consistently high-quality star-rated medical insurance, Medicare and other products in 20 states across the U.S. By integrating the marketing of medical insurance with a direct social impact, Chariot Health in collaboration with the Philadelphia Foundation, a 501(c) (3) non-profit organization, provides sustainable operating capital to local non-profits serving low-wealth communities. Headquartered in Philadelphia, Chariot Health is a subsidiary of Chariot Companies, LLC, a minority-owned, mission-based diversified community development entity with four core business platforms focused on revitalizing low-wealth communities throughout the United States.
The Senior Resource Group (SRG) is a privately owned insurance brokerage that helps individuals choose health, life, and financial insurance plans from a broad product portfolio. SRG’s primary business focus is to educate Medicare beneficiaries on available healthcare options, and enroll them into Medicare Supplement and Advantage plans. SRG provides a “one-stop shop” for all insurance and financial products by representing a variety of insurance carriers and contract brokers to deliver individualized star-rated insurance plans for seniors.
To learn more about SRG, please visit http://theseniorresourcegroup.com.
About The Philadelphia Foundation
Since 1918, The Philadelphia Foundation has been committed to improving the quality of life in Bucks, Chester, Delaware, Montgomery, and Philadelphia counties. It links those with financial resources to those who serve societal needs. Through investment, it grows the more than 900 charitable funds established by its donors. In 2013, it distributed about $22 million in grants and scholarships to about 1,000 effective nonprofit organizations. Through this support, the Foundation enhances culture and recreation, strengthens children and families, advances economic opportunities and builds healthy communities.
To learn more about The Philadelphia Foundation, visit http://www.philafound.org.