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AIG Employee Benefit Solutions(R) Launches AIG Group Limited HealthCare(SM) Insurance Plan.


New limited benefit plan designed to give employees increased benefit options

HOUSTON -- AIG AIG addressee indicator group (US DoD)
AIG American International Group, Inc
AiG Answers in Genesis (religious group in defense of Scripture)
AIG Artificial Intelligence Group
AIG Australian Industry Group
 Employee Benefit Solutions, a marketing division of AIG American General, has announced the launch of AIG Group Limited HealthCare, a limited benefit insurance plan underwritten by AIG Life Insurance Company and American International Life Assurance Company of New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
.

"As healthcare costs continue to rise, we're finding that many employers are increasingly unable to afford the comprehensive major medical plans employees are traditionally used to," said Michael Witwer, senior vice president, marketing and product development, AIG Employee Benefit Solutions. "The AIG Group Limited HealthCare plan addresses this by offering a flexible, affordable amount of ancillary coverage in a limited benefit plan that provides specific dollar amounts for predicable pred·i·ca·ble  
adj.
That can be stated or predicated: a predicable conclusion.

n.
1. Something, such as a general quality or attribute, that can be predicated.

2.
 medical expenses such as routine doctor visits and prescription medications."

The plan is also ideal for those who already have current major medical plans but still need help paying for large deductibles and shrinking expenses from increasing co-insurance and co-pays. Features include:

* Guaranteed Issue -- no health questions asked

* No pre-existing condition exclusion (except pregnancy)

* Benefits paid directly to the insured or the provider

* Spouse and children coverage available

* Covers pregnancy, provided conception occurs after the effective date of coverage

* 24-hour nurse line

* Discount vision, dental and prescription drug prescription drug Prescription medication Pharmacology An FDA-approved drug which must, by federal law or regulation, be dispensed only pursuant to a prescription–eg, finished dose form and active ingredients subject to the provisos of the Federal Food, Drug,  benefit

* Nationwide provider network with discounts provided at point-of-service

* Convenient claims processing

"As a competitive new limited benefit option, AIG Group Limited HealthCare plan offers a solution to employees who may be feeling the effects of rising healthcare costs or an increase in out-of-pocket expenses out-of-pocket expenses n. moneys paid directly for necessary items by a contractor, trustee, executor, administrator or any person responsible to cover expenses not detailed by agreement. ," added Witwer.

For more information about AIG Group Limited HealthCare plan and AIG Employee Benefit Solutions visit www.aigebs.com.

AIG Employee Benefit Solutions([R]), www.aigebs.com, is the marketing brand under which group employee benefit insurance products and individual worksite products (including life, accidental death & dismemberment dismemberment /dis·mem·ber·ment/ (dis-mem´ber-ment) amputation of a limb or a portion of it.

dismemberment

amputation of a limb or a portion of it.
, disability, dental vision, cancer insurance and critical illness products) are offered by the insurance companies that comprise AIG American General, including AIG Life Insurance Company, American General Assurance Company, American International Life Assurance Company of New York, The United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  Life Insurance Company in the City of New York and American General Life Insurance Company.

AIG American General, www.aigag.com, is the marketing name for the insurance companies and affiliates comprising the domestic life operations of American International Group
"AIG" redirects here. For other uses, see AIG (disambiguation).


American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685 ) is a major American insurance corporation based in New York City.
, Inc. (AIG). AIG American General companies offer a broad spectrum of fixed and variable life insurance, annuities and accident and health products to serve the financial and estate planning Estate Planning

The overall planning of a person's wealth, including the preparation of a will and the planning of taxes after the individual's death.

Notes:
Contrary to popular belief, estate planning involves much more than preparing a will, and it is not only for the
 needs of its customers throughout the United States.

American International Group, Inc. (AIG), world leaders For a list of heads of state, see .
World leaders is a MMORPG. The game involves creating a state, joining an alliance and going into war. It is mostly played by players from Israel, China, USA, Britain, Brazil and Saudi-Arabia.
 in insurance and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG's common stock is listed on the New York Stock Exchange New York Stock Exchange (NYSE)

World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City.
, as well as the stock exchanges in Paris, Switzerland and Tokyo.

AIG Employee Benefit Solutions insurance products underwritten by:

AIG Life Insurance Company Wilmington, Delaware

American International Life Assurance Company of New York New York, New York

Member companies of American International Group, Inc.

Policy form series numbers for employee benefits insurance products include: N20000, N20001, N20005, N20009, N20010, N50005, G-LAD-30000, G-LAD-40000.

The underwriting risks, financial obligations and support functions associated with the products issued by the above-listed companies are the responsibility of each issuing company. All of the above-listed companies are responsible for their own financial condition and contractual obligations.

AIG Life Insurance Company does not solicit business in the state of New York. Policies and riders not available in all states.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved.

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Publication:Business Wire
Date:Oct 2, 2007
Words:619
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