Although health insurance companies typically aren’t known for their generosity, one major insurer is offering their policyholders some protection from this terrible economy.
Milwaukee-based Assurant Health, a leading national provider of Individual Medical, Small Group and Specialty health insurance products, is allowing policyholders to change their health coverage if they face economic hardship.
“In these challenging economic times, it is more important than ever for individuals to maintain health care coverage,” said Scott Krienke, senior vice president, Product Lines, Assurant Health. “We are working with our customers and giving them options to continue health care coverage, including changing to a lower cost plan in our portfolio of affordable plans, if they experience economic difficulties.”
Individuals, for example, can opt-out of a low deductible plan and choose a higher deductible plan that has a lower monthly premium. Customers can, within six months, reinstate the low deductible plan without additional underwriting when their economic situation improves.
More and more people are losing health insurance as job losses mount and employers cut back on coverage. Many others are foregoing or cutting back on insurance in order to meet rising household expenses, especially those with adjustable rate mortgages. All are at risk of more serious economic troubles if they were to have a health crisis.
“It’s vital for individuals to maintain a level of heath coverage and we’re offering them flexibility to do just that,” said Krienke.
We’re so thrilled to see a large insurer, like Assurant Health, reaching out to the American public during this rough economic time. As more and more people continue to lose their jobs and/or health insurance, society is becoming increasingly more disheartened. And although people tend to consider health insurance an unnecessary expense, it’s actually quite a risk to live without insurance. Assurant Health is setting a great example in the insurance industry – by working with their customers & listening to their needs, they are actually doing what they are intended to do: protect their clients.
Assurant policyholders can learn more about their health insurance options by contacting their insurance agent or by calling Assurant Health at 1-800-596-0045.
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