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This profile was last updated on 7/19/14  and contains information from public web pages and contributions from the ZoomInfo community.

President

Email: b***@***.cc
Local Address: Albany, New York, United States
Benetech
 
Background

Employment History

  • Vice President of Sales and Marketing
    Benetech
  • President
    McNamara Associates
  • President
    BT
15 Total References
Web References
John Panichi, CEO | Barry ...
www.wedobenefits.com, 8 July 2014 [cached]
John Panichi, CEO | Barry McNamara, President | Tina Panichi, Vice President of Workers' Compensation | Sandy Mead, Corporate Controller/Internal Auditor | Darren Moser, CFO | John Dalmata, Director of Operations | Mary Lou Foland, Director of Marketing & Communications | Kyle Wessels, Director of Client Services | Marc Quinlan, Manager of Client Services | Sheila Watts - Manager of Claims & Auditing | Jake Bills, Operations Supervisor | James Rondeau, Manager of Workforce Solutions
...
Barry McNamara, President
A 1974 graduate of SUNY Oswego, Barry has spent his entire career in the employee benefits business.
He joined Benetech as Vice President of Sales and Marketing in May of 2003, and was named President in 2005.
"Character is like a tree and reputation is like a shadow. The shadow is what we think of it; the tree is the real thing. - Abraham Lincoln Barry oversees new client integration, client/member support services and all regulatory compliance communications.
...
John Panichi, CEO | Barry McNamara, President | Tina Panichi, Vice President of Workers' Compensation | Sandy Mead, Corporate Controller/Internal Auditor | Darren Moser, CFO | John Dalmata, Director of Operations | Mary Lou Foland, Director of Marketing & Communications | Kyle Wessels, Director of Client Services | Marc Quinlan, Manager of Client Services | Sheila Watts - Manager of Claims & Auditing | Jake Bills, Operations Supervisor | James Rondeau, Manager of Workforce Solutions
"Some municipalities I've seen are facing ...
www.bizjournals.com, 2 Sept 2011 [cached]
"Some municipalities I've seen are facing pension contribution increases of 37 percent," said Barry McNamara, president of Benetech Benetech Latest from The Business Journals Six tips: Control what you can with your health premiumsHigh-deductible health plans go mainstream; experts say they can help cut costs, but they can backfire, tooMore business owners shift health care costs onto employees Follow this company , a broker based in Rensselaer County that works primarily with public-sector employers.
NYSAHU :: Member Area
nysahu.org [cached]
Barry McNamara Benetech, Inc.
Doctor Blogger: Healthcare news
www.doctorblogger.net, 1 Dec 2005 [cached]
That's the smallest organization that should consider going the self-funding route," said Barry McNamara, president of Benetech Inc. of North Greenbush.
...
McNamara said every company will need 'specific stop-loss' reinsurance, which covers claims over a certain threshold and sets a limit for what the self-funder is liable for.
Self-funders can also pursue aggregate stop-loss reinsurance, which protects against employees' high utilization rates.This protection will reduce the risk of a quantity of significant claims.
"You might not have many claims at the attachment point of the stop-loss plan; but if you have a bunch of claims just short of that amount, you can leave your company vulnerable to very high expense," McNamara said.
Survey: HSA-related plans spark interest - 2005-03-21
albany.bizjournals.com, 18 Mar 2005 [cached]
"It is seen as a way to help control the cost," said Barry McNamara, spokesman for Benetech."Employers have run out of options for traditional cost-sharing and cost shifting.High-deductible plans offer a much more direct premium reduction."
McNamara said some employers can cut premiums enough to cover part of the employees' deductibles or provide a benefit--such as a dental plan--they had not previously offered and still come out ahead.
Although nearly half of the survey respondents told Benetech they expected to offer their employees a consumer-driven health plan option in the future, only 5 percent actually did as of late 2004.
The gap seems to exist primarily because local health insurers either just began offering consumer-driven plans or are still in the process of forming them.
"Development of the product locally is behind the interest," McNamara said.
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