Deerfield, IL (October 26, 2023) — Alera Group, a top independent national insurance and financial services firm, announced today the acquisition of Rick Young Insurance, an insurance agency offering employee benefits services including health insurance, life insurance, Medicare and Medicaid redetermination.
Rick Young Insurance offers personalized employee benefits services. This includes tailored health insurance coverage encompassing outpatient care, emergency, maternity care, prescriptions, and preventative services. The agency also provides complimentary Medicare consultations and assists customers in navigating their Medicare plans and determining if supplemental insurance is necessary. In 2022, the company was honored with the Marketplace Elite Plus Circle of Champions recognition from Centers for Medicare & Medicaid Services.
"For more than 30 years, our team of dedicated agents has been helping individuals, families, and small businesses find quality insurance plans,” said Rick Young, Founder of Rick Young Insurance. "As longtime members of the community, we believe in our ability to help those in need with more than just insurance and take pride in supporting many local organizations.”
"Rick Young Insurance is committed to providing trusted advice, delivering outstanding service for clients and giving back to the communities they serve throughout Michigan," said Alan Levitz, CEO of Alera Group. "We look forward to leveraging their expertise to bolster our existing employee benefits, individual and family health insurance solutions."
The Rick Young Insurance team will continue serving clients in their existing roles. Terms of the transaction were not announced.
About Alera Group
Alera Group is an independent, national insurance and financial services firm with more than $1.2 billion in annual revenue, offering comprehensive employee benefits, property and casualty insurance, retirement plan services and wealth services solutions to clients nationwide. By working collaboratively across specialties and geographies, Alera Group’s team of more than 4,000 professionals in more than 180 offices provides creative, competitive services that help ensure a client’s business and personal success. For more information, visit aleragroup.com or follow us on LinkedIn.