Robert D. Edelheit, OptiMed, and United Group Programs, Inc. Announces: OptiMed GAP Program
OptiMed GAP is specifically designed to help save direct health insurance premium costs by allowing employers greater freedom in selecting lower cost high deductible plans or plans with higher out of pocket coinsurance maximums.
Online, May 13, 2013 (Newswire.com) - OptiMed GAP Program
OptiMed GAP covers eligible expenses in relation to deductible and coinsurance for the underlying major medical plan.
Simply put, by plugging in OptiMed GAP, employers may be able to raise deductibles and out of pocket maximums to obtain lower cost coverage while still providing a quality benefit program.
GAP can help brokers and agents deliver a Creative Approach to Healthcare Savings and Cost Containment
Features:
• Guaranteed issue
• No pre-existing condition limitations
• No health questions asked
• First dollar benefit
• Composite rating for groups of 25 or more
• May be offered on a voluntary basis
• May be written down to 5 lives in most states
• Available in California for small groups of 5 or more
• Electronic enrollment options available
What is the Employer Group Target Market?
Groups that:
1. Have a comprehensive major medical plan currently in place.
2. Have received a large and difficult renewal.
3. Can no longer afford escalating costs of their current health program.
4. Are looking to save but still offer a quality benefit program for their employees.
OptiMed GAP may be offered on a Voluntary Basis.
Please ask your Optimed group sales representative for additional information, including exclusions, limitations and state availability. This program is different and separate from our HSA compatible GAP program. Please note that under current IRS rules OptiMed Traditional GAP is not compatible with a Qualified Health Savings Account. Please ask your OptiMed Group Representative about our Limited Medical HSA Compatible GAP program for more information.
Please note: OptiMed GAP for California is a Group Supplemental Medical Insurance Plan.
Please contact an OptiMed group sales representative for more information including state availability.
OptiMed is trademarked and exclusively owned by United Group Programs, Inc.