Mid-Medical Plans
Mid-Medical plans are a fixed indemnity limited benefit medical plans designed to cover employees who are either not covered by a traditional medical plans, or for an employer that would like an alternative to a traditional major medical plan that has simply become unaffordable.
The monthly premium is much less than a major medical plans because it pays first-dollar fixed indemnity amounts for the most commonly occurring medical expenses, but may not cover all the expenses resulting from a catastrophic medical occurrence.
Standard and custom plan designs are available. With minimal administrative time or effort, employers can now offer an affordable alternative medical plan that employees can actually use without having to meet a deductible or high copayments!
Product Highlights:
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Affordable – monthly rates starting at about $170/ee/mo
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Usable benefits – commonly occurring medical expenses
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Available – Guarantee issue, no medical underwriting
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Flexible – Four plans to choose from 25% participation requirement
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The is an “excepted” plan and is not subject to PPACA requirements
Product Differentiators:
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No other carriers offering this type of plan
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Menus of plans to fit the employee’s budget, needs and lifestyle
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DoctorNavigator price transparency tools
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Web enrollment
Benefits at a Glance:
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Physician Visit Pre-Pay
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First-dollar coverage for Diagnostics and Preventive Care
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Inpatient - $25,000 to $100,000
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Outpatient - $2,500 or $5,000
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Additional outpatient surgery - $2,500
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Additional $25,000 to $50,000 outpatient accident medical coverage
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Additional $25,000 to $50,000 critical illness coverage