Group Health Expense Insurance
A Group Health Expense policy reimburses Health Expenses that are incurred by the insured person which are not covered by government programs.
If the life insurance company holding your Group Health Expense policy fails,
- Assuris continues your Group Health Expense benefits up to $60,000 or 85% of the promised Health Expense, whichever is higher, until the earlier of either:
- The next renewal date for the group contract, or
- Six months from the life insurance company failure.
It is anticipated that the liquidator or the plan sponsor will transfer the Group Health Expense policy at the renewal date or within the six month period to another company.
Examples click here
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