The Principal Financial Group Drives Deeper Health Coverage Discounts in Central and Western Oklahoma
August 22, 2007 (Des Moines, Iowa) — The Principal Financial Group®, the nation's premier provider of employee benefits, announces a new exclusive business relationship with Oklahoma Health Network (OHN), a local preferred provider organization (PPO) network. The agreement provides a strong local network option at a lower cost for health insurance customers in central and western Oklahoma.
"We've aligned with OHN to enhance our network options in central and western Oklahoma. OHN is a comprehensive network with strong local roots, which translates to localized care and competitive discounts for our customers," said Sean McTaggart, assistant vice president of network contracting at the Principal Financial Group.
OHN is available to fully-insured and self-funded customers of The Principal®, allowing these customers to achieve significant discounts and comprehensive network coverage. The Principal is the only carrier offering access to OHN on a fully-insured basis. With more than 6,000 physicians, specialists and facilities, the OHN network strengthens access to high-quality localized healthcare. OHN joins a number of networks available to customers of The Principal in central and western Oklahoma.
About Oklahoma Health Network (OHN)
Oklahoma Health Network (OHN) is an Oklahoma-based preferred provider organization. OHN was developed to offer participating VHA Oklahoma hospital employees and their covered dependents a cost-effective managed care option with local ownership that is responsive to the needs of their members and contracted providers.
About the Principal Financial Group
The Principal Financial Group® (The Principal®)1 is a leader in offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement and investment services, life and health insurance, and banking through its diverse family of financial services companies and national network of financial professionals. A member of the Fortune 500, the Principal Financial Group has $270.1 billion in assets under management2 and serves some 17.6 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States. Principal Financial Group, Inc. is traded on the New York Stock Exchange under the ticker symbol PFG. For more information, visit www.principal.com.
Insurance products and services issued by Principal Life Insurance Company.
1)"The Principal Financial Group" and "The Principal" are registered trademarks of Principal Financial Services, Inc., a member of the Principal Financial Group.
2) As of March 31, 2007.
