Wrap, GAP and Supplemental Solutions

What are GAP plans?

GAP or supplemental health insurance products includes hospital indemnity, critical illness, accident, out-of-pocket medical expense, specific and aggregate stop loss, cancer, dental and vision insurance. Each is available as an employer-paid benefit, as employee-paid or both. Employers can offer employees the protection they want at cost-effective group rates, paid conveniently through payroll deduction.

What is a “wrap”?

An employer offers a “wrap” plan to either supplement a group medical plan, or to provide supplemental coverage to an employee who does not participate in the employer group medical plan. In the era of the affordable care act, more employers will elect to stop offering a group medical plan and will likely provide an employer paid wrap package.

Click the links below to learn about these specific types of plans:

For Individuals ( non group)

AFLAC: AFLAC is the industry leader in these types of plans. An AFLAC Critical Care or Accident plan is a well planned, comprehensive and affordable  alternative to “buying up” to a more expensive platinum level plan.  Not only that but your AFLAC plan stays with you, regardless of where you get your health plan next year, or the year after that.

Click here for a brochure that describes the AFLAC PA Critical Care 2

United Healthcare One: A substantial critical illness plan for individuals and families. United Healthcare One Critical illness is offered in increments of $10,000 to $50,000. This critical illness plan is an excellent and affordable stand alone add on for anyone who has enrolled in a plan with a high deductible or out of pocket expenses such as a short term plan or a Bronze or Silver plan.  It’s also extra security for your family when your employer’s coverage is reduced!

Click here to learn more about this critical illness coverage.

National General: formerly Assurant,  now offers an individual stand alone supplemental plans. This plan is a great addition to a bronze or silver plan for anyone with an active lifestyle. it’s affordable and will give you the security you need when  your health benefits have large up front out of pocket costs.

Watch this short video to learn more about Critical illness Insurance

For Groups:

AFLAC: Aflac offers various gap and wrap solutions for individuals and groups. Ask us for specific details.

Colonial Life: Colonial Life offers a broad range of solutions for groups small and large including a medical bridge plan,  hospital confinement, cancer and accident plan. Colonial Life solutions are flexible enough to be customized for your organization to better fit your needs. Click here to watch a short video about Colonial Life’s hospital confinement products.

TransConnect Gap Solution: A true GAP plan that integrates with your group medical coverage to cover those deductibles and coinsurance gaps. Click to learn more about the  HealthPak TransConnect GAP

Humana Critical Illness & Cancer: The Humana Critical Illness and Cancer plan provides an immediate and  significant flat amount cash benefit directly to an employee or family member when diagnosed with a critical illness or cancer. Click to learn more about the Humana CI and Cancer

Shelterpoint Hospital Cash Plan: The Hospital Cash plan can provide employees or their family members with a lump sum dollar amount  per each day of an inpatient hospital stay and also covers intensive care stays or outpatient surgery. Click to learn more about the  Hospital Cash Plan

What are Voluntary plans?

Voluntary plans are those products offered to employees through payroll deduction, at no cost to the employer. Watch a short video from about voluntary benefits from Humana:

Who are the most popular providers of these plans?

There are many insurance companies that provide these types of benefits. Each one has their strengths in different group sizes, industries and geographic areas. Total Benefit Solutions represents some of the leading companies in this arena including but not limited to:

Transamerica
Humana
First Rehab Life/Shelterpoint
Colonial Life
Armadacare
AFLAC
United Healthcare
Aetna
National General

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As always call your Total Benefit Solutions account manager today at (215)355-2121 if you would like more information about these types of programs for your family or your organization.