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Crum & Forster Introduces Employer Medical Gap Insurance

Crum & Forster (C&F), a prominent player in the insurance industry, has launched an innovative supplemental health insurance product designed to assist employers in managing the skyrocketing healthcare costs faced by their organizations. This new offering, the C&F Employer Medical Gap Insurance, aims to provide a financial cushion that complements traditional health plans, ensuring that employees can access the necessary medical services without incurring excessive out-of-pocket expenses.

In a statement from Tanya Arrowsmith, Senior Vice President of the Accident & Health Division's Medical Business Unit, she emphasized the motivation behind this new insurance solution. "As healthcare costs continue to rise, employers are seeking ways to balance affordability with providing robust benefits to their employees. C&F Employer Medical Gap Insurance is designed to bridge the gap between what major medical plans cover and what employees are responsible for paying—making it easier for employers to offer competitive benefits and for employees to access the care they need without excess financial strain."

This groundbreaking product is specifically structured to complement high-deductible health plans, and it offers an adaptable design to fit various employer plan specifications. The insurance covers many of the same medical services as an employer's primary health insurance plan, and it includes optional riders for additional services such as doctor visits, prescription medications, and ambulance services. Employers have the flexibility to customize benefit levels, coinsurance, and deductible amounts to meet their specific needs.

Key Features of C&F Employer Medical Gap Insurance

• - Seamless Integration: Works in conjunction with the employer's major medical plan, creating a more cohesive experience for employees.
• - Flexible Plan Design: Provides diverse coverage options to cater to the varying needs of employers and their employees.
• - Efficient Claims Process: Features a streamlined claims process with direct reimbursements for participating providers, eliminating much of the administrative load from employees.
• - Accessibility for Small Groups: Available for employer groups with as few as ten employees, making it a viable option for smaller businesses.

One of the standout features of this insurance is its simplified claims process. Employees can present their major medical and medical gap insurance cards at the time of care, allowing participating providers to manage all necessary claims without requiring employee claims submissions or waiting for reimbursements. This efficiency not only enhances the user experience but also reduces the administrative burden on employers.

Arrowsmith highlighted the benefits for industry brokers and underwriters as well, stating, "Brokers, Managing General Underwriters, and Managing General Agents need relevant, responsive products from a carrier they can trust. With C&F's extensive expertise and commitment to service, we're proud to offer a solution that delivers value to employers, employees, and our distribution partners alike."

C&F Employer Medical Gap Insurance is underwritten by Monitor Life Insurance Company of New York and is available across numerous states. Its customizable features make it suitable for a wide range of employer groups, ensuring that diverse workplaces can adapt the insurance to fit their specific requirements and challenges.

About Crum & Forster Accident & Health

Crum & Forster is recognized for its excellence in the insurance domain, having received an "A" rating from A M Best in 2024. As a national commercial property and casualty insurance provider, C&F's Accident and Health Division has been committed to offering a wide array of specialty insurance and reinsurance products since 2000. The firm focuses heavily on innovative product development, effective distribution strategies, and outstanding client service. Its ability to deliver international Accident & Health solutions through creative captive structures and partnerships reflects C&F’s dedication to meeting the evolving demands of the insurance market.

To learn more about the C&F Employer Medical Gap Insurance, visit their official website, or connect with Crum & Forster on their social media platforms including LinkedIn, Twitter, and Instagram.