Employer Medical Gap Coverage rolled out by Crum & Forster
Crum & Forster, a national commercial property and casualty group of insurance companies rated "A" Excellent by A M Best (2024), has announced the launch of a new supplemental health insurance solution - C&F Employer Medical Gap Insurance. This innovative product is designed to help employers manage rising healthcare costs while providing competitive employee benefits.
Key Features and Benefits
The C&F Employer Medical Gap Insurance offers several key features and benefits:
- Financial Protection Complementing Major Medical Plans: The product covers many of the same services as an employer’s major medical plan, bridging the financial gap between what the main plan covers and employee out-of-pocket expenses.
- Compatibility with High-Deductible Health Plans: It is designed specifically to work alongside high-deductible health plans, helping reduce employees' cost burden and making healthcare expenses more predictable.
- Customizable Coverage Options: Employers can tailor the plan’s benefits, coinsurance, and deductible amounts to align with their specific healthcare plan designs and budget needs. Optional riders are available for services such as doctor’s office visits, prescription drugs, and ambulance services, enhancing flexibility.
- Flexible Group Sizes: Coverage is available for employer groups as small as 10 employees, allowing small and mid-sized employers to participate.
- Streamlined Claims Process: Employees can present both their major medical and gap insurance cards at the point of care, with participating providers processing claims directly. This setup eliminates the need for employee claim forms and ensures rapid reimbursement without delays.
- Value for Employers, Employees, and Brokers: The product offers a commissionable solution to brokers, helping employers balance affordability and benefits quality, while reducing employee financial strain and improving access to needed healthcare.
- Underwritten by a Reputable Insurer: The insurance is underwritten by Monitor Life Insurance Company of New York, providing financial reliability and product stability.
Availability and Customization
The C&F Employer Medical Gap Insurance is available in many states and can be customized for a wide range of employer groups. For more information, employers can contact Amy Whilldin, AVP of Public Relations & Communications at [email protected].
International Accident & Health Solutions
Crum & Forster's ability to provide international Accident & Health solutions is demonstrated through its innovative captive structure and partnerships with affiliated entities.
For more details about the C&F Employer Medical Gap Insurance, visit the original press release on Cision PR Newswire at this link.
Stay updated with Crum & Forster on LinkedIn, X, and Instagram.
- The C&F Employer Medical Gap Insurance, underwritten by a reputable insurer, offers financial protection complementing major medical plans, working alongside high-deductible health plans, and providing a commissionable solution to brokers.
- This innovative product from Crum & Forster, available in many states and customizable for a wide range of employer groups, offers customizable coverage options, a streamlined claims process, and value for employers, employees, and brokers.
