Time Insurance/Assurant Health 2008 Changes
By Linda Medrano, Brokerage Coordinator
Underwriting Updates
- New paper express application—only 13 medical questions; five-year look back period means quicker application process.
- 10% deductible credits given to both new and existing clients (with proof of coverage) on Max Plan, CoreMed and One Deductible plans for 2/1/08 effective dates and later.
- Improvements to pre-ex limitations—if disclosed on application, no pre-ex.
- 36-month rate guarantee—buy-up option available on all plans with $3,750 and higher deductibles and costs approximately 6% more than the 24 month rate guarantee.
- Maternity wait reduced from 9 months (270 days) to 3 months (90 days) for conception available effective 1/1/2008.
Product News!
- Introducing KeyMed—if you have clients who are hard to insure due to a past or current medical condition, you’ll want to check out KeyMed, a new limited benefit, individual health insurance plan from Assurant Health.
Assurant—“The Sky’s the Limit” bonus program…earn unlimited bonus cash. Simply sell Assurant Health’s Individual Medical plans January 21 through April 30, 2008 and earn $50 bonus for EACH individual medical plan you sell—including the new KeyMed Plan.
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