Philadelphia American has rolled out the Short Term Medical Plans in AL, AZ, GA, IL, LA, MS, MO, PA, OH, OK, SC, TN & TX. This product will soon roll-out in addition markets. Philadelphia American is working hard to make sure that you have smart and affordable options for your clients.
By purchasing a Short-Term Medical plan the insured pays for coverage that they need and can afford. This plan will pay benefits from $250,000 – $1,000,000 per person during the selected benefit period. The plan also provides 3 doctors visits @ $30 copay.
Short-Term Medical pays for unexpected illness or injury versus the more expensive mandatory coverage options required by the Affordable Care Act. (ACA)
With this plan there is a choice of four deductible options. Maximum of two deductibles per policy. 20% discount for single-pay and annual payment available.
| DEDUCTIBLE PER PERSON |
|---|
| $1,000 |
| $2,500 |
| $5,000 |
| $10,000 |
There is two choices of coinsurance options.
- 75/25%: Out-of-pocket max is $2,500 per person with a maximum of two coinsurance amount per policy.
- 50/50%: Out-of-pocket max maximum is $5,000 per person with a maximum of two coinsurance amounts per policy.
After coinsurance has been satisfied then the plan pays 100% of the additional eligible expenses up to the policy maximum.
NOTE: A Gap Plan cannot be written to supplement a Hospital Medical Coverage Policy.
