ORLANDO, FL, November 10, 2022 – Accretive Insurance Solutions, a nationwide collection of leading independent, niche-focused specialty and wholesale insurance providers and administrators, is proud to announce that Part D Advisors, Inc. has joined the Accretive group of companies. Based in Livonia, Michigan, Part D Advisors will remain under the operational leadership of David Alexander.
Part D Advisors provides Retiree Drug Subsidy (RDS) administration and Dependent Eligibility Verification (DEV) services. With more than $1 billion collected on behalf of clients for RDS, and an average return on investment of $14 per $1 spent on DEV services, Part D Advisors adds to Accretive’s robust RDS and DEV capabilities.
Part D Advisors provides Retiree Drug Subsidy (RDS) administration and Dependent Eligibility Verification (DEV) services. With more than $1 billion collected on behalf of clients for RDS, and an average return on investment of $14 per $1 spent on DEV services, Part D Advisors adds to Accretive’s robust RDS and DEV capabilities.
Sean Smith, Chief Executive Officer of Accretive, explained, “Accretive is comprised of industry-leading niche-focused firms that provide substantial, measurable solutions for clients.” Smith continued, “Pharmacy costs are one of the most significant cost drivers in benefits programs, and Part D Advisors is the perfect complement to the Accretive family, as we have worked to build a world-class pharmacy practice.”
Part D Advisors has more than 30 years of experience providing RDS and DEV services to labor groups, government agencies, and corporate clients. With clients in 46 states, Part D Advisors has a nationwide footprint and has successfully reduced client health care costs without reducing member benefits or raising premiums.
"As multiple market factors continue to drive up employee benefits costs for employers and employees, it is imperative that we identify and deploy a multi-faceted approach for cost containment programs on behalf of our clients," said David Wetzler, Executive Vice President of Employee Benefits at Accretive. Wetzler added, "Part D Advisors not only helps clients realize significant cost savings, they do it without negatively impacting the quality of benefits for their clients' employees."
For more information on the solutions offered by Part D Advisors, Inc., please visit https://partdadvisors.com/.
About Accretive
Accretive consists of 2,000+ experts spanning 46 states, with the mission of facilitating growth and innovation in the specialty, program, and wholesale insurance market. With a leadership team of industry-recognized innovators, Accretive organizations have an established track record of building ground-up solutions, differentiated product delivery, and industry specialization. For more information about Accretive, please email info@accretive-ins.com or visit www.accretive-ins.com.
