Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Health Insurance > Health Insurance

Carrier Unveils Midi Med Plan

X
Your article was successfully shared with the contacts you provided.

Star HRG, a pioneer in the mini medical plan market, has introduced the Fundamental Care family of limited-benefit health insurance plans.[@@]

Star HRG, Phoenix, a unit of UICI, North Richland Hills, Texas, hopes to sell the plans to employers that cannot afford to offer traditional major medical plans to all employees, or any employees.

The richest package, which sits somewhere between mini medical plans and major medical plans on the benefits spectrum, will cost about 25% less than a typical major medical plan and will provide up to $50,000 in annual benefits per insured, Star HRG says.

Only 2% of insureds file more than $30,000 in claims in a typical year, Star HRG says.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.