Anthem Blue Cross and Blue Shield Introduces Three New Supplemental Health Products That Complement Medical Plans
October 2, 2018
Accident, critical illness and hospital indemnity supplemental health
products offer flexibility and financial wellness in times of need
DENVER–(BUSINESS WIRE)–Anthem Blue Cross and Blue Shield in Colorado now offers
employer-sponsored1 voluntary accident, critical illness and
hospital indemnity insurance products, for effective dates beginning
January 1, 2019. These new lines of coverage are designed to provide
lump sum cash benefits to consumers recovering from an accident or
illness to help pay for daily living expenses – like rent, groceries or
car payments – that are not covered by major medical.
The new Anthem Blue Cross and Blue Shield supplemental products, all of
which offer funds that can be allocated to cover medical or non-medical
expenses, include:
-
Accident insurance provides a fixed lump-sum payment following
a covered accidental injury, and related medical services such as
emergency room, surgeries or follow-up care. -
Critical illness insurance provides lump-sum benefits, when
specific illnesses are diagnosed including invasive cancer, heart
attacks and strokes. -
Hospital indemnity insurance provides fixed per-day benefits
for inpatient hospitalization caused by, or contributed to, an
accident or sickness.
“Anthem Blue Cross and Blue Shield is committed to creating a simpler,
more affordable, and more accessible healthcare experience for
consumers,” said Greg Poulakos, President of Anthem’s Life, Disability
and Supplemental Health Business. “Financial security plays a role in
overall wellness and an unexpected illness or accident can result in a
significant financial burden with additional medical and other
out-of-pocket expenses, especially if there is a reduction in household
income due to not being able to work. Accident, critical illness and
hospital indemnity products can help alleviate financial stresses so
people can focus on their recovery.”
As an added benefit, purchasers of these supplemental products and other
Anthem Blue Cross and Blue Shield products like Medical, Dental, Vision,
Disability and Pharmacy, gain the advantages of Anthem Whole Health
ConnectionSM, which coordinates care to promote better health
outcomes and productivity, lowers the total cost of care and improves
the healthcare experience. Through integration of claims data, consumers
who also have other Anthem Blue Cross and Blue Shield medical plans can
be identified to receive pro-active notifications if they have claims
that might be eligible for a cash payment from the supplemental products.
“By leveraging medical claims data, an integrated offering of products
can allow us to contact consumers when they may be eligible for benefits
under their supplemental health plan,” said Michael Prendes, Director of
Specialty Product Management at Anthem Blue Cross and Blue Shield. “An
advantage of integrated capabilities is that it allows consumers to
receive benefits consistently and quickly at a critical time when those
funds are needed most.”
For more information on Anthem Blue Cross and Blue Shield’s accident,
critical illness and hospital indemnity products, visit www.specialtybenefits.info.
About Anthem Blue Cross and Blue Shield
Anthem Blue Cross and Blue Shield is the trade name of Rocky Mountain
Hospital and Medical Service, Inc., an independent licensee of the Blue
Cross Blue Shield Association. ANTHEM is a registered trademark of
Anthem Insurance Companies, Inc. The Blue Cross and Blue Shield names
and symbols are registered marks of the Blue Cross and Blue Shield
Association. Additional information about Anthem Blue Cross and Blue
Shield in Colorado is available at www.anthem.com.
Also, follow us on Twitter @AnthemBCBS_News and @AnthemBCBS or find us
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1 Employer-sponsored plans of 51 or more employees
Contacts
Anthem Blue Cross and Blue Shield in Colorado
Tony Felts,
317-287-6036
Tony.Felts@anthem.com