GAP Supplement Health Insurance Coverage

• Supplements an employer’s major medical plan by reimbursing individuals for covered out-of-pocket expenses for which they are responsible for.
• Hospital benefit reimburses deductibles, coinsurance and other eligible out-of-pocket expenses for covered benefits incurred during an inpatient hospitalization.
• Optional outpatient benefit reimburses eligible out-of-pocket expenses incurred for hospital emergency room visits (not admitted) and use of outpatient surgical, diagnostic testing and other similar facilities licensed to provide outpatient treatment.
• Optional ambulance benefit reimburses eligible out-of-pocket expenses incurred for transportation provided by a licensed ambulance company to the nearest hospital.
• Coverage is guaranteed issue.
• Individuals covered under this medical GAP Supplement Insurance plan must also be covered by an underlying major medical plan.

Minimums:

• Plan is only available to employer groups that have a major medical plan available for employees.
• Eligibility rules are flexible in order to coordinate with a major medical plan’s eligibility rules; coverage is also available to dependents of employees who are covered under the major medical plan.
• Minimum of 30 days of active service required (employer may choose to lengthen the number of days).
• Employees must work at least 15 hours per week.
• At least 15 employees must participate in the plan.

Client Profile

Small to mid-size employer groups with high deductible healthcare plans.

The Chubb Advantage

• Innovation: Our entrepreneurial business philosophy and expert industry knowledge allow us to remain flexible in finding the right solution for our clients.
• Global Protection: The Chubb global network can satisfy the insurance needs of companies operating worldwide.
• Financial Strength: Consistently high ratings from A.M. Best and Standard & Poor’s are an indication that we are financially strong and able to meet our obligations to our customers.
• Superior Solutions: We are dedicated, solutions-oriented professionals able to provide quick responses and expert handling of customer needs.

The ever-changing healthcare marketplace continues to challenge employers who are looking for how to best meet their employees’ benefit needs on a cost-efficient basis. 

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