American Medical Touts Traditional Health Insurance

NU Online News Service, Nov. 27, 10:45 a.m. – American Medical Security Group Inc., Green Bay, Wis., says small employers that are interested in the new defined-contribution health coverage programs ought to consider adjustable health insurance instead.

The health insurance company reports it has had good results over the past 12 months with a small-group health insurance program that provides a core level of benefits, then gives employees the chance to pay for less coverage or more coverage than the core level supplies.

The program, which is available in 26 states, is comparable in some ways to a defined-contribution plan, which typically combines high-deductible, catastrophic health insurance with a personal care account for handling routine medical bills, American Medical says.