New Life Agency, Inc. Expands Nation’s First In Vitro Fertilization Insurance Program
RANCHO MIRAGE, Calif., Jan. 20, 2011 /PRNewswire/ — New Life Agency, Inc. today announced that it has added Pacific Fertility Center-Los Angeles to its Assisted Reproduction Insurance ProgramÃ‚® (ARI) preferred provider network. Together, with Pacific Fertility Center-Los Angeles and The Diamond Institute IVF Center-New York, ARI continues to offer some of the best financial solutions in the country for the ever-rising costs of in vitro fertilization (IVF) treatments, procedures and fertility medications to patients suffering from infertility.
ARI provides negotiated contract rates with board-certified obstetrics, gynecology, reproductive endocrinology and infertility physicians to insure patients’ fertility treatments, complications and provide full maternity insurance. ARI combines insurance coverage with a fertility medication discount plan that can save Pacific Fertility Center’s patients more than 50 percent on the cost of standard services, totaling thousands of dollars over the average treatment term. In addition, the program offers hundreds of dollars in discounts on fertility medications through Walgreens Specialty Pharmacy. The innovative program goes beyond the traditional IVF shared risk program offered by some IVF centers by aggregating the cost of consultations, testing, complication insurance, IVF treatments, surgical treatments and medications to offer additional savings.
Pacific Fertility Center-Los Angeles was founded more than 10 years ago by the team that pioneered the nation’s first private in vitro fertilization center. Since that time, Pacific Fertility Center’s physicians have introduced a number of innovations in the treatment of infertility, and have been at the forefront in defining standards of care and accountability. The sole owner, medical director and world renowned reproductive endocrinologist, Vick Sahakian, MD, along with his colleagues, pioneered one of the most revolutionary financial programs in modern medicine where the doctor was willing to assume risk. Today, by joining The ARI Program, the insurer, the physician and the fertility medication is sharing the risk in treating women with infertility. Dr. Sahakian has performed over 6,000 IVF procedures and is responsible for the birth of more than 4,000 babies worldwide.
The ARI Program offers multiple plan choices, according to the IVF physician utilized within the preferred provider network for individual fertility needs allowing the patient to move through their process to pregnancy fully aware of the total out of pocket cost. If pregnancy is not achieved, the program offers refunds and credits during the 18-month enrollment term.
New Life leveraged its industry-leading insurance offerings as a Lloyd’s of London Broker along with its own licensed, third-party administration company, New World Administrators, Inc. to forge the unique preferred provider contracted network solely with infertility doctors and facilities/centers.
Trish Taylor, president of New Life Agency, announced, “Our growing success with Assisted Reproduction Insurance Programs like ARI is a testament to healthcare reform today. People who have no infertility insurance or limited coverage now have options. Patients facing infertility issues need insurance when this risk occurs. New Life Agency is committed to help control infertility costs and fill the gap traditional insurances don’t provide. We are honored to have such an innovative leader and doctor as Vick Sahakian join our network. Our commitment to work together will help patients lower their risk and stress so they may concentrate on what matters most, creating their family.”
Vick, Sahakian, MD, owner and medical director of The Pacific Fertility Center-LA said today, “The ARI program continues my efforts to forever change the way we practice medicine in the field of reproductive sciences.”
Enyde Polesuk, vice president of product development, fertility services, for Walgreens Specialty Pharmacy added, “Our goal is to offer personalized fertility pharmacy services along with the best possible support for these very specialized pharmacy needs. We’re pleased to be a part of this first-of-its-kind cost solution and look forward to making our services more accessible than ever for hopeful parents-to-be.”
About Pacific Fertility Center-Los Angeles
Pacific Fertility Center-Los Angeles can trace their roots to the introduction of in vitro fertilization into mainstream medicine. Dr. Sahakian received his medical degree with honors in 1987 with residency training in Obstetrics and Gynecology at the University of Iowa Hospitals and Clinics, the largest University owned hospital in the nation. He relocated to Los Angeles, whereupon he joined Pacific Fertility Centers of Southern California (PFC) and in 1998 became the Medical Director and sole owner of Pacific Fertility Center – Los Angeles. He is responsible for the oldest woman on record to have given birth at the age of 67. Hundreds of same sex partners have also been helped by Dr. Sahakian in achieving their dream of building a family through egg donation and surrogacy. Dr. Sahakian is Board Certified in both Obstetrics/Gynecology and Reproductive Endocrinology & Infertility and assumes teaching responsibilities at Department of Obstetrics & Gynecology at UCLA Hospitals.
About New Life Agency
New Life Agency, Insurance Agency is a fully licensed Surplus Lines Company in every State across the Nation as a Lloyd’s of London Coverholder and underwriter offering insurance products secured and “A” rated superior security by A.M. Best, financial size XV (excess of two billion dollars). New Life provides Assisted Reproduction InsuranceÃ‚® for maternity, in vitro fertilization complications, intended parents, surrogates, egg donors and professional liability exclusively to the assisted reproduction medical industry since 1998.
New World Administrators, Inc. is a licensed full service health claims Administrator/TPA providing benefit administration services for employer groups and customer care and claims handling services exclusively to New Life Agency, Inc. New World is dedicated to service providing World Class Customer Care in claims management and administration. New Life Agency, Insurance Agency, Inc., 1-877-952-5433 (LIFE), www.newlifeagency.com
Walgreens (www.walgreens.com) is the nation’s largest drugstore chain with fiscal 2010 sales of $67 billion. The company operates 7,655 drugstores in all 50 states, the District of Columbia and Puerto Rico. Each day, Walgreens provides nearly 6 million customers the most convenient, multichannel access to consumer goods and services and trusted, cost-effective pharmacy, health and wellness services and advice in communities across America. Walgreens scope of pharmacy services includes retail, specialty, infusion, medical facility and mail service, along with pharmacy benefit solutions and respiratory services. These services improve health outcomes and lower costs for payers including employers, managed care organizations, health systems, pharmacy benefit managers and the public sector. Take Care Health Systems is a Walgreens subsidiary that is the largest and most comprehensive manager of worksite health centers and in-store convenient care clinics, with more than 700 locations throughout the country.
CONTACT: New Life Agency, Inc Trish Taylor, President, Founder firstname.lastname@example.org 877-952-8082 Pacific Fertility Center-Los Angeles Kim St Martin email@example.com 310-209-7700 Walgreens Tiffani Washington firstname.lastname@example.org 847-315-2925
SOURCE New Life Agency, Inc.