Wednesday, June 27, 2012

curative Gap Plans Can Ease the "Bite" of High Deductible Group health guarnatee Texas Plans

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Probably every person in Dallas Fort Worth knows someone who had a major illness or accident that wasn't totally paid for by their company's group condition guarnatee plan. Group condition guarnatee rates have climbed abut twelve to fifteen percent per year, and employers have had to raise deductibles and coinsurance to sell out the expense.

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The ensue is that today, employees in Dallas Fort Worth with group condition guarnatee have two to three times as much financial risk from a major curative accident or illness claim as they did a decade ago. An worker with a house working for a business with group condition guarnatee is often exposed to over ,000 in major curative price risk, and there appears to be no end in site to rate increases and deductible increases. And today in Dallas as in the rest of the country, curative expenses are the top fancy for personal bankruptcy.

With that as a backdrop, Colonial Voluntary guarnatee introduced in Texas in August a new curative gap plan that takes the "bite" out of major curative price risks. What curative gap plans, or curative guarnatee gap plans do is pay the worker cash to cover major curative guarnatee claims. Thus the worker has the money to cover their curative bills, and the boss has an worker who is more productive and not as stressed.

The Colonial curative gap plan is very affordable, and has a estimate of options that allow the worker to sell out much or all of their group curative guarnatee plan's out of pocket risks. Like most of Colonial's products, the new curative guarnatee gap plan is a group goods that is offered by the employer, and the worker can purchase voluntarily and have deducted from their pay check.

Dallas area employers can also purchase and pay for the Colonial Life and accident curative guarnatee gap plan for their employees. In fact, by combining Colonial's curative gap plan with a high deductible group condition plan, we have found that employers can lower their employee's curative out of pocket price risk at a lower cost than if they purchased a group condition condition guarnatee plan with a lower deductible.

Colonial even offers a version of the new curative gap plan that is compatible with condition savings inventory group condition guarnatee plans as well as original copay group condition guarnatee plans.

Medical gap plans offer Dallas area employers other way to offer their employees more benefits and save money.

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