Medical Gap insurance provides benefits to your employees to help pay for deductible and coinsurance and co-payment costs. Gap plans offer a solution to financially draining out-of-pocket health costs.
This plan can be built as a Health Savings Account (HSA)-compliant plan. This plan may also be offered to employees who do not have an HSA and want more protection.
With consistent annual increases in the cost of health insurance1, employers and employees are continually faced with making benefit decisions to help control costs—none of which seems too appealing. Pay more or compromise benefits.
A gap is a group insurance program that is primarily designed to cover deductibles, co-insurance and co-payments for which you are responsible. More importantly, it gives you the ability to maintain quality health coverage by choosing a higher comprehensive major medical total out-of-pocket health plan, working along with your major medical program, provides you and your employees quality health care that is affordable.
