According to Health Insurance Innovations, the new insurance product will be an impactful new addition to Health Insurance Innovations’ Limited Benefit selections, designed for individuals looking for affordable, fixed-benefit coverage to assist with out-of-pocket medical expenses.
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The company said that Principle Advantage will offer consumers the option of selecting one of four benefit levels to pay set amounts for doctor visits, surgery, lab work, anesthesia, ambulance, and hospital charges.
Commenting on the launch, Health Insurance Innovations president and CEO, Mike Kosloske, said: "Today’s debut of Principle Advantage, a dynamic, guaranteed-issue Limited Benefit plan, expands, enhances, and promotes Health Insurance Innovations’ growing product portfolio to a broad and rapidly-developing market.
"Principle Advantage helps people pay for the medical services they need when they cannot afford or qualify for individual major medical insurance," Kosloske added.
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