American-Community Hires Neal Spero as Senior Vice President

Neal Spero, veteran health insurance executive, joins Mich.-based American-Community Mutual Insurance Co. as senior vice president-Individual, charged with advancing the company’s new revolution in coverage choices and affordability.

American-Community is introducing four, innovative consumer-directed programs. The new products are priced at levels affordable by many who have reluctantly gone uninsured due to the high cost of coverage, according to the company’s written statement.

“I relish the challenge of introducing the most innovative programs ever offered anywhere, ” Spero said. “Never before have individuals been offered such a range of choices to best fit the coverage to their particular circumstances.”

The Precedent suite of low-cost health insurance programs uses creative, precedent-setting approaches to risk- and cost-sharing to reduce premiums, while assuring financial protection against catastrophic hospital and medical costs, Spero stressed. The Precedent plans are being offered in both individual and group versions. All the plans include an industry-leading assortment of self-directed care management tools to help insureds stay healthy, make more informed use of health services, better control health care costs, and receive access to health experts 24-hours a day.

Spero has held positions of rising responsibility with health insurers, mainly in states where American-Community programs are sold. The company currently writes health insurance in Michigan, Ohio, Indiana, Illinois, Missouri, Iowa, Nebraska and Arizona.

The new Precedent programs are being introduced across American-Community’s eight-state market area between June and September, he said. They can be purchased through 6,000 independent insurance agents in those states.

Michigan based American-Community, said it was founded in 1938, and has embarked on an aggressive program of geographic growth and coverage innovations.

Source: American-Community Mutual Insurance Company