Health Insurance Innovations Incorporated, a US-based company engaged in the sale of Short-Term Medical (STM) plans, has collaborated with HCC Life Insurance Company (HCC), a US-based insurance products provider, for the launch of a new STM called HealtheMed STM.
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The HealtheMed STM will offer customizable, affordable, high-quality short-term, limited-duration insurance to fill gaps in coverage and is ideal for individuals between jobs, new hires, early retirees, recently naturalized citizens, and recent college graduates. This plan can be purchased for up to six or eleven months, depending on location.
Mike Kosloske, president & CEO of Health Insurance Innovations, said: "HII’s new short-term medical plan with HCC is being launched in 45 states and will enhance our national presence by providing a competitive product that meets the needs of today’s consumers.
"ACA implementation in 2014 and beyond is expected to be the largest increase of entrants to the US individual health marketplace. HII’s commitment to making short-term medical available to and affordable for every American who needs coverage, and HCC Life’s track-record of underwriting highly-successful niche insurance products, creates a strong and long-lasting partnership that will benefit the US consumer," Kosloske added.
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