Plans That Offer Additional Peace of MindMay 07, 2018
- It Pays to Be Prepared If You Get Sick
A serious illness or accident can be a big setback for any family. There can be many challenges to getting healthy again. Even with medical coverage, your out-of-pocket costs for a major illness may put a strain on your budget. Or if someone you care about is in between jobs and doesn’t have benefits to fall back on, it can be tough.
Anthem has now teamed up with the IHC group to offer supplemental health plans that can give you extra financial protection beyond your current health plan benefits. We also offer a plan with short-term coverage for those who don’t have a medical plan.
- IHC Balance Plan
This plan gives you a lump sum payout to be used to pay for some of your medical expenses, including hospital stays. In some of the states where we offer this plan, you can also get a lump sum cash payout if you’ll be out of work. The Balance Plan isn’t meant to be your main medical plan or a substitute for major medical coverage. Instead, it gives you an extra layer of coverage to help you with out-of-pocket expenses that may not be covered by your medical plan. Keep in mind, there’s a limit to the cash benefits you get in a year and in your lifetime.
The Balance Plan is a great choice, especially if you:
- Have limited savings for unexpected illness.
- Have a family that relies mostly on your wages.
- Have a high-deductible medical plan.
- IHC Interim Coverage
If you or someone you know find yourselves without a medical plan for any reason, this plan offers temporary benefits ─ usually up to 90 days. Once you meet your deductible, the plan pays for qualified expenses and you pay for a portion of the cost, just like a regular health plan. Your benefits can start within 24 hours after you apply for this short-term plan.
The Interim Coverage is a great choice if you:
- Are a dependent turning 26 and can no longer be covered by your parent’s plan.
- Are between jobs or temporarily lost coverage.
- Missed open enrollment.
- Ready to enroll?
Call 1-844-386-4202 to apply or learn more about these plans.
This coverage has exclusions, limitations, and terms under which it may be continued in force or discontinued. Rate shown is for an individual and illustrative only. Do not send money in response to this ad. You cannot obtain coverage without completing an application. For costs and details of the coverage contact a licensed IHC sales representative at the phone number provided above.
These plans are not considered Minimal Essential Coverage as defined by the Patient Protection and Affordable Care Act (ACA) and are not qualifying health coverage (“Minimum Essential Coverage”) that satisfies the health coverage requirement of the Affordable Care Act. If you don’t have Minimum Essential Coverage, you may owe an additional payment with your taxes. The termination or loss of this policy does not entitle you to a special enrollment period to purchase a health benefit plan that qualifies as minimum essential coverage outside of an open enrollment period. These products may include a pre-existing condition exclusion provision. Benefits may terminate at age 70.
Anthem Blue Cross and Blue Shield does not underwrite, insure or administer the insurance plans described. The Balance plans are underwritten by Madison National Life Insurance Company, a member of The IHC Group. The Fixed Benefit plans are underwritten by Independence American Insurance Company, (IAIC), a member of the IHC Group. The Interim Coverage insurance plans are underwritten by Standard Security Life Insurance Company of New York, a member of The IHC Group. For more information about the IHC Group, visit www.ihcgroup.com.
"IHC" and "The IHC Group" are the brand names for plans, products and services provided by one or more of the subsidiaries and affiliate member companies of The IHC Group ("IHC Entities"). Plans, products and services are solely and only provided by one or more IHC Entities specified on the plan, product or service contract, not The IHC Group. Not all plans, products and services are available in each state.
Anthem Blue Cross and Blue Shield is the trade name of: In Colorado: Rocky Mountain Hospital and Medical Service, Inc. HMO products underwritten by HMO Colorado, Inc. In Indiana: Anthem Insurance Companies, Inc. In Kentucky: Anthem Health Plans of Kentucky, Inc. In Missouri (excluding 30 counties in the Kansas City area): RightCHOICE® Managed Care, Inc. (RIT), Healthy Alliance® Life Insurance Company (HALIC), and HMO Missouri, Inc. RIT and certain affiliates administer non-HMO benefits underwritten by HALIC and HMO benefits underwritten by HMO Missouri, Inc. RIT and certain affiliates only provide administrative services for self-funded plans and do not underwrite benefits. In Nevada: Rocky Mountain Hospital and Medical Service, Inc. HMO products underwritten by HMO Colorado, Inc., dba HMO Nevada. In Ohio: Community Insurance Company. In Wisconsin: Blue Cross Blue Shield of Wisconsin (BCBSWi), underwrites or administers PPO and indemnity policies and underwrites the out of network benefits in POS policies offered by Compcare Health Services Insurance Corporation (Compcare) or Wisconsin Collaborative Insurance Corporation (WCIC). Compcare underwrites or administers HMO or POS policies; WCIC underwrites or administers Well Priority HMO or POS policies. Independent licensees of the Blue Cross and Blue Shield Association. ANTHEM is a registered trademark of Anthem Insurance Companies, Inc. The Blue Cross and Blue Shield names and symbols are registered marks of the Blue Cross and Blue Shield Association.