New limited benefit plan designed to give employees increased benefit options
AIG Employee Benefit Solutions, a marketing division of AIG American General, has announced the launch of AIG Group Limited HealthCare, a limited benefit insurance plan underwritten by AIG Life Insurance Company and American International Life Assurance Company of New York.
“As healthcare costs continue to rise, we’re finding that many employers are increasingly unable to afford the comprehensive major medical plans employees are traditionally used to,” said Michael Witwer, senior vice president, marketing and product development, AIG Employee Benefit Solutions. “The AIG Group Limited HealthCare plan addresses this by offering a flexible, affordable amount of ancillary coverage in a limited benefit plan that provides specific dollar amounts for predicable medical expenses such as routine doctor visits and prescription medications.”
The plan is also ideal for those who already have current major medical plans but still need help paying for large deductibles and shrinking expenses from increasing co-insurance and co-pays. Features include:
* Guaranteed Issue — no health questions asked
* No pre-existing condition exclusion (except pregnancy)
* Benefits paid directly to the insured or the provider
* Spouse and children coverage available
* Covers pregnancy, provided conception occurs after the effective date of coverage
* 24-hour nurse line
* Discount vision, dental and prescription drug benefit
* Nationwide provider network with discounts provided at point-of-service
* Convenient claims processing
“As a competitive new limited benefit option, AIG Group Limited HealthCare plan offers a solution to employees who may be feeling the effects of rising healthcare costs or an increase in out-of-pocket expenses,” added Witwer.
For more information about AIG Group Limited HealthCare plan and AIG Employee Benefit Solutions visit www.aigebs.com.
AIG Employee Benefit Solutions®, www.aigebs.com, is the marketing brand under which group employee benefit insurance products and individual worksite products (including life, accidental death & dismemberment, disability, dental vision, cancer insurance and critical illness products) are offered by the insurance companies that comprise AIG American General, including AIG Life Insurance Company, American General Assurance Company, American International Life Assurance Company of New York, The United States Life Insurance Company in the City of New York and American General Life Insurance Company.
AIG American General, www.aigag.com, is the marketing name for the insurance companies and affiliates comprising the domestic life operations of American International Group, Inc. (AIG). AIG American General companies offer a broad spectrum of fixed and variable life insurance, annuities and accident and health products to serve the financial and estate planning needs of its customers throughout the United States.
American International Group, Inc. (AIG), world leaders in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG's common stock is listed on the New York Stock Exchange, as well as the stock exchanges in Paris, Switzerland and Tokyo.
AIG Employee Benefit Solutions insurance products underwritten by:
AIG Life Insurance Company Wilmington, Delaware
American International Life Assurance Company of New York New York, New York
Member companies of American International Group, Inc.
Policy form series numbers for employee benefits insurance products include: N20000, N20001, N20005, N20009, N20010, N50005, G-LAD-30000, G-LAD-40000.
The underwriting risks, financial obligations and support functions associated with the products issued by the above-listed companies are the responsibility of each issuing company. All of the above-listed companies are responsible for their own financial condition and contractual obligations.
AIG Life Insurance Company does not solicit business in the state of New York. Policies and riders not available in all states.