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July 27, 2015 10:16 PM ET

Insurance

Company Overview of Cielostar

Company Overview

Cielostar provides benefits administration outsourcing services and technology solutions. It offers employer solutions, including online enrollment and electronic data interchange, aggregated billing and reconciliation, COBRA/HIPAA and retiree administration, FSA and pre-tax administration, and employee service center. The company also provides consumer driven solutions, which include online voluntary product offerings with credit card premium payment; and My Kydos, an online platform integrating wellness, personal heath record management, and a health benefits marketplace. Its consumer solutions offer various programs for employers, associations, financial institutions, and other affiliate ...

730 Second Avenue South

U.S. Trust Building

Suite 530

Minneapolis, MN 55402

United States

Founded in 1988

Phone:

612-436-2700

Fax:

612-338-2673

Key Executives for Cielostar

Founder, Executive Chairman and Chief Executive Officer
President
Chief Financial Officer
Chief Stategic Officer
Chief Technology Officer
Compensation as of Fiscal Year 2015.

Cielostar Key Developments

CieloStar Partners with HCC Life Insurance to Extend the Private Healthcare Exchange Concept to the Self-Funded Marketplace

CieloStar announced that it has partnered with HCC Life Insurance to extend the private healthcare exchange concept to the self-funded marketplace. The 'HCC Self-funded Private Exchange' will offer an exclusive pricing arrangement that allows selected HCC Partner Brokers, Benefit Consultants, and Third Party Administrators to offer self-funded employers access to the most effective benefits management private exchange available at a fraction of the cost of providing these services by other means. The HCC Private Exchange is a groundbreaking self-service based exchange that offers customized self-funded employee benefit plans. The HCC Private Exchange is complimented by a full line of employer specific voluntary benefit packages and also provides an integrated and efficient benefit selection experience with the use of a patented decision support-modeling tool for employees. The HCC Private Exchange offers employers and TPAs an integrated employer administration and reporting system, as well as comprehensive administration tools to support the needs of self-funded arrangements.

Cielostar Partners with the Ohio Chamber of Commerce and the Virginia Chamber to Open Private Health Insurance and Benefits Exchanges

CieloStar announced that it has partnered with the Ohio Chamber of Commerce and the Virginia Chamber to open private health insurance and benefits exchanges in each state. CieloStar currently operates private exchanges in North Carolina and Oklahoma through similar Chamber of Commerce partnerships. The newest exchanges will offer Ohio and Virginia employers, including non-Chamber members, an array of major medical health plans and supplemental insurance products. CieloStar is known for its easy-to-navigate technology platform that provides a one-stop online marketplace for health insurance coverage. As more and more employers move to a defined contribution benefits package for employees, CieloStar is helping employers navigate the ever-changing healthcare landscape.

Cielostar Announces Deployment of its New CieloStar Card

Cielostar announced the deployment of its new CieloStar Card, which will allow consumers to settle co-pay healthcare costs and receive rewards and benefits all on one convenient, multi-purpose card. The CieloStar Card will permit consumers to track their health benefits, discounts, rewards and health savings dollars in one easy-to-access place. By integrating the latest developments in advanced payment technology, the CieloStar Card provides access to Health Savings Account dollars wherever they can be spent along with easy access both online and mobile to balances and transactions. The CieloStar Card is also a discount card allowing consumers to obtain savings on a variety of medical services, an important function in an era when individuals will become increasingly responsible for medical expenses due to higher deductibles and co-pays. The CieloStar Card provides access to such services as Medical Bill Help and Surgical Care Services which afford substantial discounts on numerous medical procedures and services, in addition to savings at over 59,000 pharmacies, 70,000 dental offices and 11,000 vision care providers.

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Date
Target
Private Placement
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