Solutions for Business Owners
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Admin
If I have already met my deductible for the calendar year with another GAP plan, will I have to pay another deductible on a new GAP plan?
If an employee has already met their deductible with an existing GAP plan or their major medical plan, they will stay have to pay a deductible if it is a new GAP plan. The deductible on a GAP plan will start on the effective date of the GAP plan the first year. After the first year, it will reset as a calendar year deductible.
In Summary
These frequently asked questions are provided as a service to answer our most commonly asked questions. Should you have further questions, please review the GAP plan brochure provided by the insurance carrier. The information contained in the insurance company brochure is a direct representation of the coverage provided by the carrier. This document is not intended to be an exhaustive discussion of medical GAP insurance.
18
Jul
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Andy Martin
Managing Partner Alabama
Todd Russell
Sr. Partner, Business Succession Planning Specialist
Keith Scott
Broker Dealer OSJ
Medicare Producer
Location: Nationwide - Department: Medicare Sales
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