A reporter has done a quick product concept review aimed at consumers and found that the limited-benefit medical insurance plans often called “mini med plans” offer (surprise!) limited benefits. A spokesman for the American Cancer Society explains that the policies won’t help much with cancer. A Minnesota insurance commissioner says the sellers often confuse the buyers.
The Illinois carrier recently raised $35 million through a stock offering.
One of the recorded votes on amendments was on a jab at short-term health insurance.
The policy will offer the insureds access to the SilverSneakers and WholeHealth Living Choices programs.
Sponsored by Fidelity Investments
Get insights into the mindset that’s driving today’s advisors to make a move--and help realize their unique business vision.
Don’t miss crucial news and insights you need to make informed investment advisory decisions. Join ThinkAdvisor.com now!
- Free unlimited access to ThinkAdvisor.com which provides advisors, like you, with comprehensive coverage of the products, services and trends necessary to guide your clients in making critical wealth, health and life decisions.
- Exclusive discounts on ALM and ThinkAdvisor events.
- Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.
Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.