Introduction
Group Health Insurance Chronic Condition Coverage
CCW Global is able to provide comprehensive Chronic Condition coverage on group medical insurance plans.
A chronic medical condition is defined as an illness or ailment which has no known cure; although treatment may exist for the condition, the patient will suffer from the illness for the rest of their life. Examples of Chronic medical conditions include Asthma, Diabetes, Epilepsy and Arthritis.
Due to the fact that an individual suffering from a Chronic Condition will require life-long treatment to manage their ailment, many health insurance plans will limit the amount of care covered under the plan in relation to these conditions. Additionally, in many cases a chronic medical condition may be deemed to be pre-existing if it was diagnosed prior to the enrolment of an individual on a health insurance policy.
However, due to the unique nature of Group Health Insurance options offered worldwide by CCW Global, we are able to provide comprehensive coverage options that will ensure all pre-existing conditions present within the group can be covered under the plan, whilst confirming that the policy will offer high levels of ongoing protection for the management of chronic medical conditions present within the group.
Overview
Options for Group Coverage
Acute Phase Coverage
The first way in which many international insurance companies will cover chronic medical conditions is by providing insurance protection for the acute phases of the ailment. This means that should a condition, like asthma or epilepsy, trigger an episode which requires the use of medication to control, the plan will provide insurance coverage for the costs associated with the medication.
It is important to understand that Chronic Condition coverage for the acute phase of a condition is the lowest form of chronic condition coverage available, and will simply help to manage the condition as and when it flares up; that is to say, when the signs of the condition are displayed in a serious manner, also known as the acute phase of the condition, the insurance will help cover the costs of maintaining the insured individuals basic symptoms.
A good example of coverage in relation to the acute phase of a chronic condition can be found in a condition like asthma; if an asthmatic is covered by a group health insurance plan which offers protection against the acute phase of the illness then the cost of their inhalers and other symptom-management medications would be covered under plan.
Annual Coverage
A group medical insurance plan which gives annual coverage for chronic conditions will set an overall limit for the amount of treatment which can be used by the policy’s members each year in relation to their chronic condition.
This type of chronic condition coverage benefit can be especially useful for diabetics and epileptics, as it will allow the group’s members to receive medication and treatment for their condition up to a pre-determined financial limit. This means that the member of the group health insurance policy can receive medication and can go for as many checkups as they may need in relation to their condition up to the pre-determined limit.
An annual coverage limit for chronic medical conditions under a group medical insurance plan can be the most flexible way of insuring these ailments, as it allows the members of the group to receive their medical care as and when they need it. Furthermore, an annual coverage limit will re-set at each policy renewal, giving the group’s members (or company’s employees) the assurance that they will have the protection they need to manage their illness each year that they remain on the plan.
Lifetime Coverage
Like an annual coverage option, a group health insurance plan which offers a Lifetime Coverage limit will provide a pre-determined amount of coverage that can be used for the treatment and management of a chronic condition. However, unlike an annual coverage benefit, the Lifetime Coverage limit cannot be exceeded – once this limit has been reached then no further protection is available to group members in relation to the treatment and management of chronic medical conditions.
Whilst a lifetime coverage limit can be extremely high (making this an attractive proposition for many companies purchasing health insurance coverage for their employees) once the limit has been reached the benefit disappears. This is exceptionally important to remember when comparing the options for chronic condition coverage under group medical insurance products, and can have a significant impact on older members of the group, or even the group as a whole, once the coverage limit has been reached.
Consultation
Free Advice for Group Chronic Condition Insurance Coverage
If you would like to receive free advice from the experts at CCW Global about the options available for your group’s chronic condition insurance protection, please Contact Us Today to arrange a no-risk, no-obligation consultation.
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