In the U.S., 47 million people do not have any type of coverage because they:
- Cannot afford medical insurance
- Have two or more part-time jobs at a time
- Are part-time or seasonal workers
- Have a poor understanding of deductibles, policies, co-payments, etc.
- Seek affordable healthcare options
- Come from cultures with no private healthcare options
- Experience language barriers
We have designed Panamed for employers who want to continue offering medical benefits that adapt to their financial needs while extending benefits to those employees that are uninsured.
Requirements and Benefits for Employers:
- Premiums paid conveniently through payroll deductions
- Employer paid and employee voluntary participation
- Groups must have a minimum of 10 participants
- 51+ eligible with 25 percent participation in California, Florida, and Idaho
- Reinforces the relationship with the employee
- Helps retain employees who seek better benefits
- Selection of the level of participation
- Full bilingual services
- Enrollment and customer service
Benefits for Employees:
- Affordable solution, not major medical insurance, easy to understand in native language
- Guaranteed issue, can't be turned down
- Benefits are automatically assigned
- No health questions or medical exams
- No pre-existing limitations*
- First dollar coverage no deductibles or co-payments
- Full bilingual services
- Enrollment and customer service
* Pre-existing pregnancy exclusion: in some states if conception occurred prior to your effective date of coverage.
Benefits of Plan:
- Insured by Pan-American Life
- Coverage for employees and family members
- PPO Network
- Patient Advocacy
- TelaDoc
- Doctor Visits
- Accident Coverage
- Daily Hospital Confinement
- Intensive Care
- Surgery and Anesthesia
- Wellness
- Prescription Drugs
- and much more
Distribution
Our distribution channels consist of: MGA's (general agencies of administrative management), GA's (general agencies), brokers and agents.
Target Workers:
- Blue Collar Workers
- Part-Time and Seasonal Laborers
- 1099 Employees
Target Industry:
- Assisted Living
- Manufacturers
- Construction
- Staffing Agencies
- Transportation
- Hospitality (Hotel/Motel)
- Cleaning Services
- Landscaping
- Casinos*
- Home Health Care
- Security Companies
- Associations*
- Payroll Companies*
- Restaurants*
- Franchises*
* Requires home office approval prior to quoting
Did you know?
- 40.3 percent of employees are not covered by a health insurance plan offered by their employer1
- 47 million people in the United States do not have any type of medical or health insurance1
- 26 percent and 17 percent of Hispanics and whites, respectively, reported not going to a doctor due to the costs2
- The Hispanic population of the United States was 44.3 million (14.8 percent) in 20063
- Hispanics will constitute 60 percent of the population in 30 years2
Sources:
- U.S.Census Bureau. August 2007
- Rockefeller Foundation by Yankelovich Inc. February 2008
- U.S. Census Bureau – February 2008
Some products may not be available in all states. Please check with your local representative for availability in your area.