Beazley Accident & Health Producer Overview

Transcription

1 Beazley Accident & Health Producer Overview

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3 Why Beazley? At a time of unprecedented turbulence in the marketplace, producers need a knowledgeable insurer that is nimble enough to help them develop profitable business opportunities and stable enough to commit to a long-term collaboration. Beazley is that insurer. We offer a suite of gap protection products that provides employees with valuable protection against life s uncertainties, and helps employers broaden benefit options to address employees changing needs. Beazley at a glance Straightforward products that enhance existing coverages. Solid plan designs that emphasize value for the customer. Simplified administration that ensures ease of doing business. Strength and stability that underscores a global reputation. A changing marketplace We live in turbulent times, characterized by economic turmoil, spiraling healthcare costs, persistent unemployment, and uncertain industry reforms. Yet, this uncertainty presents opportunities for producers: New approaches to diversify your book of business and expand revenues. New products to round out your portfolio. New tools to increase retention and enhance relationships. And techniques to help customers navigate the new normal. A growing need You are in a strong position to help your employer customers make sense of the uncertainty and consider affordable ways to meet growing employee needs. In an attempt to stem rising healthcare costs, many are turning to lower-cost alternatives. As a result, employees are taking on more responsibility for their own healthcare costs. While this helps them become wiser healthcare consumers, it also creates the potential for significant financial consequences. An unexpected life crisis a job loss, critical illness or disabling injury, etc. could put their income and assets at risk. A timely solution Beazley is dedicated to helping you and your customers address the uncertainty and fill the gaps. Our suite of gap protection products provides employers with flexible and cost-effective options, while helping employees offset expenses or replace lost income when it is needed most. Each product includes flexible benefit options and guarantee issue levels, offered employer-paid or employee-paid (voluntary) or a combination of the two. And, our support services make it easy to quote, promote and administer the plan.

4 Our product lines Our suite of gap protection products helps cover expenses, protect assets, fill gaps or replace income. Each product may be offered independently, but offering multiple products helps to maximize plan impact and address more customer needs. Product overview Benefit options Underwriting Supplemental Medical Expense* (out-of-pocket) Reimburses certain eligible out-of-pocket medical expenses Works well for groups with high-deductible plans Limited Medical Expense (fixed indemnity) Provides a benefit amount for a select set of medical services Works well for groups without traditional health insurance Critical Illness** Provides a lump sum benefit to ease the financial burden that may result from a serious disease Works well alongside supplemental medical Short Duration Disability*** Provides a monthly benefit following a disabling illness or injury Short Term Disability*** Provides a weekly benefit following a disabling illness or injury Accidental Death & Dismemberment Provides 24-hour coverage for a critical or fatal accidental injury that occurs on or off the job. Inpatient hospitalization Outpatient care in select facilities only Ambulance transport Physician office visits Prescription drugs Hospital confinement Hospital admission Inpatient/outpatient surgery X-ray, lab, major diagnostic Urgent care and office visits Ambulance transport Prescriptions Covers 10 critical conditions Optional benefits: Occupational HIV benefit Additional occurrence benefit Recurrence benefit Health screening benefit Benefit amounts: $300-$10,000 per month Benefit periods: 6-24 months Salary replacement: 40-70% of salary or flat amount Optional portability Benefit amounts: $50-$3,000 per week Benefit periods: 13 or 26 weeks Salary replacement: 40-70% of salary, or flat amount Optional portability Optional benefits: Seat belt use Childcare May offer additional benefit amounts with medical questions May offer additional benefit amounts with medical questions May offer additional benefit amounts with medical questions Benefits and range of options may vary by state. Premium will vary based on plan chosen. A waiting period for late entrants may apply. These policies are renewable at the option of the company. *The Supplemental Medical Expense (out-of-pocket) plan is not a major medical plan. The product is designed to reimburse certain covered expenses, and is only available if an employer has a major medical plan in place. Out-pocket expenses submitted for reimbursement must be eligible under the major medical plan, and must meet the coverage definitions under our policy (may not include full reimbursement, if annual plan limits have been met). **The Critical Illness product is filed as Non-Participating Specified Disease in North Carolina. The Portability benefit is filed as Continuation of Coverage in Oregon. This is a limited policy. ***Salary replacement is based on earned income, as defined in the policy. Standard limitations and exclusions apply.

5 Our support services At Beazley, our goal is to make it easy for you to work with us. We are committed to delivering maximum support for your sales efforts in the following ways: Quoting We offer hands-on proposal support so you can obtain a quote easily and efficiently. Our sales hotline team members will work with you to explore your prospects needs and identify the products and plan design options that can best meet their requirements. Once you request a quote, we typically respond within 24 hours. Sales hotline: Producer appointment and registration It is easy to become appointed with Beazley typically in 2-3 days. Upon request, we will send you a set of appointment forms and instructions for completion. Once you submit your completed paperwork, we will initiate the request, conduct the background check, and send you an executed Producer Agreement. Onboarding new business Our dedicated new case specialist can assist you with onboarding the plan, processing new case paperwork and coordinating enrollment. Bottom line, we want to be sure that everything is set up properly so you and your customer are satisfied. Enrollment Our secure online enrollment tool is pre-populated with customers eligible employee information. Employees can easily log on to review benefit options, access educational product content and select desired coverages. If desired, we can also accommodate other enrollment options, such as paper enrollment or enrollment via a third party (subject to specifications). Employee communications We offer materials to help you introduce our products to your customers. In addition, we provide educational content for employers use with their employees, prior to and during enrollment. Our campaign theme, Ready for whatever s round the bend, is catchy, colorful and compelling, making it easier for employers to generate enthusiasm for the benefit program and easier for employees to understand the purpose and value of their benefits. Producer portal Our proprietary producer portal provides you with easy and timely access to information and tools, personalized for your accounts. You can view your active groups, manage proposal activity, review commissions reports, and download materials and forms all online. Customer service We provide your customers with hands-on case implementation support, balanced with convenient online tools to support fulfillment, billing, eligibility management, and claims functions. In addition, we have the flexibility to handle all billing types.

6 About us Beazley Insurance Company, Inc. (BICI) is rated A by A.M. Best. It is a subsidiary of Beazley Group, which was founded in Since then, the company has steadily expanded its scope in terms of products offered and markets served. Currently, the company writes more than $1.7 billion in annual premiums through its global operations. Beazley Group was named Company of the Year at the Insurance Day London Market Awards in December This prestigious honor is bestowed annually to a London-based insurance company that demonstrates profitability, growth and market leadership. We are proud to be part of this global powerhouse with a history of success launching new strategies. Our team is highly experienced and accessible. We invite you to collaborate with us to deliver timely solutions in these uncertain times. Please contact our sales hotline to discuss your business opportunities and needs. Sales hotline: CBAH056_US_2/13 Contact us Beazley Accident & Health 8500 Normandale Lake Blvd Suite 955 Minneapolis, MN USA Sales hotline sales@beazleybenefits.com beazley.com/accident&health This material is intended for informational purposes for brokers and other related distribution entities only. This material is not intended to be accessible in Arizona, Missouri, New Hampshire, Oregon, and Washington until any required approvals have been obtained. The descriptions contained in this guide are for preliminary informational purposes only. Coverages will vary depending on individual state law requirements and may be unavailable in some states. The exact coverage afforded by the products described in this guide is subject to and governed by the terms and conditions of each policy issued. The publication and delivery of the information contained herein is not intended as a solicitation for the purchase of any US risk. Beazley includes the issuing company of Beazley Insurance Company, Inc., 30 Batterson Park Road, Farmington, Connecticut, Beazley is rated A by A.M. Best. For the most current listing of our product offerings and their availability, visit Beazley Insurance Company, Inc. is licensed to provide accident and health insurance in all 50 states and the District of Columbia. Administrative services on all accident and health products are provided by HealthPlan Services (HPS).