KingThomason Group Begins Sale of Its SpectraOne Basic Major Medical Plan to 75,000 eBay Power Sellers.Business Editors/High-Tech & Insurance Writers SAN RAMON San Ramon (Spanish for "Saint Raymond") may refer to one of the following places:
KingThomason Group Inc. (KTG KTG Kerntechnische Gesellschaft e.V. KTG Korea Tobacco & Ginseng Corporation ) (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :KGTH) today reported that eBay, Inc. has begun exclusively offering KTG's SpectraOne Basic Major Medical Plan as part of eBay's Power Sellers Products and Services Plan now being offered to its 140,000 Power Sellers worldwide via the Internet, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. an announcement by H. "Tom" Thomason, Chairman and co-founder of KingThomason Group, Inc. The new eBay Web site became operational on January 6, 2003 and the SpectraOne policy is initially being offered to eBay Power Sellers in the 14 states where the Basic Major Medical Plan has been approved for sale. KingThomason plans to extend sales to 33 states (a total of 75,000 Power Sellers) over the next four months. A Power Seller is defined by eBay as an entity that has sales on eBay of at least $10,000 per month. Most Power Sellers are either individuals or small businesses who generally have no company health care benefits and at the same time can not afford the ever-increasing cost of traditional comprehensive major medical plans. KingThomason's Basic Major Medical Plan has $2 million coverage in and out of hospital, an in-hospital deductible That which may be taken away or subtracted. In taxation, an item that may be subtracted from gross income or adjusted gross income in determining taxable income (e.g., interest expenses, charitable contributions, certain taxes). that can be as low as $500 and includes in-hospital coverage for prescribed drugs. The out-of-hospital deductible is $1,000 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, coverage is eliminated, with the insured being issued a discount drug prescription card. As a result, premiums are substantially below comprehensive plans and affordable by most that would otherwise be uninsured, a number currently in excess of 44 million persons in 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. alone. Thomason noted, "The SpectraOne unique accept/reject application form which if accepted results in the actual issuance of the policy within a 10-day period, is particularly applicable to the Internet." The eBay Power Sellers Program was developed by insurance brokerage firm Seabury/Smith, part of the Marsh McLennan Companies, Inc. who is the insurance broker for eBay. |
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