Greatwide Logistics Services Introduces Nation’s First Comprehensive Healthcare Plan For Owner-Operators
Greatcare Arranges Coverage Up To $1-Million With Guaranteed Issue
DALLAS (August 22, 2006) – Greatwide Logistics Services – a Dallas-based provider of non-asset-based transportation and third party logistics – is officially launching Greatcare in conjunction with the American Trucking Associations’ Driver Appreciation Week. Greatcare is the nation’s first fully integrated package of insurance products and related driver services specifically designed to meet the unique needs of owner-operators, agents and their family members.
The plan offers $1 million of lifetime medical coverage that is similar to traditional major medical coverage, but at approximately 50% of the cost individual owner-operators typically pay on their own. For example, the insurance premium for typical coverage of a driver, their spouse and two dependent children routinely exceeds $1,500 per month in other carrier programs; a similar policy arranged through the Greatcare program would typically cost $750 per month.
“Owner-operators and agents have made it clear that the lack of a real healthcare program, industry-wide, is one of the main reasons they leave the driving profession,” said Ray Greer, President and CEO of Greatwide Logistics Services. “Greatcare makes available a truly innovative, one-of-a-kind healthcare program that far exceeds virtually every other package currently offered by our competitors. Arranging this coverage really is a tangible way for us to live our internal slogan: Owner-Operator Proud.”
Until now, owner-operators and agents have typically paid for their own healthcare coverage on an individual basis, often at exorbitant rates. As a result, they are forced to bear a financial burden that company drivers and most other industry professionals do not. Even the supplemental healthcare programs that some trucking companies offer today are ineffective from the point of view of owner-operators and agents. These plans often provide coverage well below the level typically needed for financial protection or result in excessive premiums for the quality of coverage received.
The complete Greatcare insurance package is currently available in 19 states and the District of Columbia . Worksite Benefits, the plan’s healthcare services provider, is working to extend availability of the program to all fifty states by the end of this year. In the meantime, a Supplemental Hospital Options Plan (S.H.O.P) is currently available nationwide, providing both an improvement to traditional indemnity plans and an option to the Mini Premier PPO Plan that can be even more affordable.
Greatcare also makes available a host of additional preventative and supplemental healthcare benefits, including dental insurance accepted at nearly every dental office nationwide. A 10-year level term life insurance policy is also available with premiums guaranteed to remain level for 10 years. In addition, disability income-protection ensures that drivers continue to receive a paycheck if forced to miss work through a non-occupational accident or illness.
Greatwide also makes available to its owner-operators and agents a broad range of additional services underwritten through MetLife®, including:
Hyatt Legal Plan, with more than 9,000 attorneys available nationwide
Significant discounts on automobile and home insurance, including identify theft and credit protection
Pet insurance that covers almost every animal health condition at any licensed veterinarian worldwide
Preferred Savings Plus plan that earns higher interest rates than the national average
Critical Illness Insurance plan with strong coverage for major illnesses and conditions
Beyond these offers, the Greatcare program includes special offers on fuel, tires and vehicle insurance, and soon will make an even broader array of value-added services available to owner-operators.
The Greatcare program is unique within the trucking industry and only available to agents and owner-operators leased on to one of the Greatwide Logistics Services business units. For information about joining Greatwide, call 800.687.2055.
“Owner-operators and agents have always been the key to our success. We’ve added 1,200 drivers year-to-date and currently are hiring another 800 owner-operators,” said Greer. “I firmly believe that we will look back over time and realize what an important milestone the launch of Greatcare will have been for Greatwide, and the trucking industry as a whole.”
About Greatwide Logistics Services
Founded in Dallas , Texas in 2000, Greatwide Logistics Services is a privately held, $1 billion third-party logistics services company. Greatwide is ranked No. 29 on the Transport Topics 100 and is one of the fastest growing companies in the Dallas - Fort Worth area. The company has four primary lines of business: dedicated transport, truckload management, truckload brokerage and distribution logistics. With clients that include Wal-Mart, Target, IBM, Sysco, UPS, Dow, Ford Motor, GM and General Tire, Greatwide Logistics Services is one of the nation’s leading non-asset-based logistics providers of transportation, third-party logistics, warehouse/distribution and truckload brokerage solutions. For more information, visit www.greatwide.com.