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Catastrophic Coverage

seCUREme Catastrophic Coverage has been designed to be a comprehensive insurance security wrapper for either a Cost Plus Plan or an Employee Health Spending Account for plans with 5 and less employees. Until seCUREme, there has been NO true catastrophic coverage plan that could be attached to either the Cost Plus Plan or a Health Spending Account!!

As a small business owner, you may have already, or are considering implementing a Cost Plus Plan for yourself or a Health Spending Account Plan for your employees. There are many advantages to both yourself and your employees to provide these types of programs as opposed to the Traditional Insured plans offered through Insurance Companies.

  • However, could you afford the additional costs of unforeseen health issues that go beyond the coverage of your Cost Plus Plan?
  • Or, how would an employee be able to financially face the daunting health costs for themselves or their family beyond the coverage provided by their Health Spending Account?

To avoid the risks associated with serious illnesses that result in costly long term prescription medications, many Business Owners, Employers and Employees have acquired very costly stand alone Health and Dental plans through traditional Insurance Companies. Until now that was really the only way to address this critical need while enjoying the benefits of a Cost Plus Plan or Health Spending Account.

seCUREme Catastrophic, from Health Risk Services, provides this much needed Health Insurance coverage in conjunction with your Cost Plus Plan or Health Spending Account. It covers a wide range of health related services from emergency ambulance rides and hospital stays to paramedicals, hearing, dental and various other health needs. It even includes Emergency Medical Travel Insurance for travel outside of the Province or Country whether it be for business or pleasure!

Most importantly, seCUREme Catastrophic will cover the cost of expensive or long term prescription drugs – often the most devastating financial concern to a family! You can choose either 80% or 100% coverage and all medications including Generic, Brand or Biologic Drugs are covered.

 

seCUREme Catastrophic attaches to your Cost Plus Plan or Health Spending Account by your selection of one of these Deductibles:

$2,500, $5,000 OR $10,000

 

Similar to the deductible on Auto Insurance where the Insured is responsible for paying the deductible amount prior to the Insurance commencing, the seCUREme deductible amount purchased is first paid through the Cost Plus Plan or Health Spending Account and then the seCUREme benefits are payable. The deductible chosen will determine the Annual Cost of your seCUREme Catastrophic Plan. Along with the Deductible, your status such as Single, Couple or Family will also be a determining factor of your rate.

Many of the seCUREme Catastrophic benefits will reimburse at 100% and up to the specified plan maximum. Some of the benefits such as the Paramedicals and Dental reimburse at the specified levels as per the Plan Description.

If you are currently insured either as an Individual with a Stand Alone Insurance Plan through an Insurance Company OR an employee insured under a Health Risk Services provided Employee Benefit Plan, you can be Grandfathered into a Catastrophic Plan without providing evidence of insurability. However, a Declaration of Continued Good Health is required. Your application must be made within 30 days of your current coverage terminating and there is a minimum term of coverage of 3 months. All other Applications will be required to provide the Declaration of Good Health.

Coverage is not guaranteed, but the seCUREme underwriters will endeavor to provide each applicant with the most comprehensive coverage possible which may require exclusions for preexisting and ongoing chronic conditions. Your plan becomes effective on the first of the month after your application has been underwritten and your coverage has been approved. Coverage terminates at age 70. Maximum claim per Insured is $1,000,000 Lifetime.

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And the good news is that seCUREme Catastrophic can be paid for
through yourCost Plus Plan or your Health Spending Account!

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seCUREme provides Catastrophic coverage and financial security with added benefits,
convenience and lower premium costs. seCUREme Catastrophic – a great way to protect
yourself, your employees and your business!

Contact Health Risk Services today
 to see how seCUREme can work for you!

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OVERVIEW OF THE seCUREme CATASTROPHIC COVERAGE:














seCUREme provides Catastrophic coverage and financial security with added benefits, convenience and lower premium costs. seCUREme Catastrophic
– a great way to protect yourself, your employees and your business!

Contact Health Risk Services today
and see how seCUREme can work for you!!

NOTE: Further description of ALL seCUREme Catastrophic Benefits will be identified in the Policy Contract.

Click here for a sample seCUREme contract

Click here to review a seCUREme Description of Catastrophic Summary