HealthMarkets Headquarters Office
Address: 9151 Boulevard 26 North Richland Hills Texas 76180 United States
Phone: 817-255-5200, (855) 995-6114
CEO: Phillip J Hildebrand ,
CFO: Michael Boxer
HealthMarkets was founded in 1983 by Ronald Jensen under United Insurance Companies, Inc. (UICI) Through its focus on the then-untapped market of self-employed workers, the company was able to grow earnings by more than double between 1984 and 1985. In 1986, UICI made its first public stock offering.
In October 2004, The MEGA Life & Health Insurance Co, a subsidiary of UICI, acquired HealthMarket Inc, which was a small business insurer. Then, in 2005, a group of private equity investors headed by The Blackstone Group acquired HealthMarkets Inc, moving the company from public to private owned. The MEGA Life & Health Insurance Co. brand was officially renamed to HealthMarkets Inc to convey its new consumer focus.
The company offers health and life insurance to niche consumer and institutional markets. Through subsidiaries, the company issues policies covering individuals and families, the self-employed, association groups and small businesses. The company helps its customers shop for coverage that serves their specific needs. Other services include third-party administrative and distribution services for health care providers and other insurers.