MedPlus by Tokio Marine HCC - 3x3x3 Challenge With Neil McNeill
MedPlus by Tokio Marine HCC is a true Secondary Group Medical Insurance also known as GAP. Medical GAP products have gotten a bad reputation in the past. MedPlus is different. Here's why.
Transcription:
What is MedPlus by Tokio Marine HCC?
MedPlus is a true secondary group health insurance, not an indemnity product. We pay the provider, not the member. Our plan is written on an employer-sponsored chassis, not voluntary, designed to perform in sync with the group's primary plan. Written under and tailored to an alternative primary HDHP, MedPlus is able to buy back the rich deductible the group has, or even lower their current deductible, and with our benefit, we are typically able to get the member through their primary deductible and out-of-pocket maximum.
How is MedPlus by Tokio Marine HCC different?
Unlike some other GAP products in the market, MedPlus has no exclusions, conditions, or limitations outside the primary plan we write our benefit under. We pay off of the primary EOB. If the primary covers the service, we cover it. We strive for zero holes in our coverage benefit. There is no Swiss cheese in our product. Our underwriting is tailored to the group's specific needs and the HDHP we write under. MedPlus is not age-banded, no shelf rates. We are a full in-house operation, from underwriting to the paying of claims. We outsource none of our services or operations, which allows us to pass savings on to the client, and provide exceptional member service. MedPlus Tokio Marine HCC Life Paper is rated A++ by AM Best, which represents the strongest issuer of GAP plans in the United States.
Who is a good fit for MedPlus by Tokio Marine HCC?
MedPlus can write groups of five actively-enrolled members on up. Typically, we cater to groups that have a fully-funded primary health plan with a rich deductible already in place. We can also tailor our secondary insurance plans to combine them with level-funded and self-funded plans. For a group suffering rate hikes at renewal, by writing our benefit under an alternative HDHP, groups end up paying a fraction of what they were going to pay at renewal, as shown here in the Annual Premium Cost Analysis on your screen. For more information, scan the QR code on your screen. That has my contact and product information.
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Transcription:
What is MedPlus by Tokio Marine HCC?
MedPlus is a true secondary group health insurance, not an indemnity product. We pay the provider, not the member. Our plan is written on an employer-sponsored chassis, not voluntary, designed to perform in sync with the group's primary plan. Written under and tailored to an alternative primary HDHP, MedPlus is able to buy back the rich deductible the group has, or even lower their current deductible, and with our benefit, we are typically able to get the member through their primary deductible and out-of-pocket maximum.
How is MedPlus by Tokio Marine HCC different?
Unlike some other GAP products in the market, MedPlus has no exclusions, conditions, or limitations outside the primary plan we write our benefit under. We pay off of the primary EOB. If the primary covers the service, we cover it. We strive for zero holes in our coverage benefit. There is no Swiss cheese in our product. Our underwriting is tailored to the group's specific needs and the HDHP we write under. MedPlus is not age-banded, no shelf rates. We are a full in-house operation, from underwriting to the paying of claims. We outsource none of our services or operations, which allows us to pass savings on to the client, and provide exceptional member service. MedPlus Tokio Marine HCC Life Paper is rated A++ by AM Best, which represents the strongest issuer of GAP plans in the United States.
Who is a good fit for MedPlus by Tokio Marine HCC?
MedPlus can write groups of five actively-enrolled members on up. Typically, we cater to groups that have a fully-funded primary health plan with a rich deductible already in place. We can also tailor our secondary insurance plans to combine them with level-funded and self-funded plans. For a group suffering rate hikes at renewal, by writing our benefit under an alternative HDHP, groups end up paying a fraction of what they were going to pay at renewal, as shown here in the Annual Premium Cost Analysis on your screen. For more information, scan the QR code on your screen. That has my contact and product information.
Click this link to subscribe to the BenefitsAlly Substack for FREE!
https://benefitsally.substack.com/