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Congress eliminated the shared responsibility payment in 2019 and beyond for individuals who do not maintain ACA “minimum essential coverage” during 2019 or any year thereafter. Automatically Locks in Your rates for 24 months at no extra charge! 3ġ PremierAdvantage Fixed Indemnity Plans Optional Wellness and Health Screening Fixed Indemnity Benefits & Guaranteed Insurability under Option Short Term Medical-Surgical Plan Rider (available for an additional premium).Ģ The ACA generally required individuals to maintain “minimum essential coverage" or be subject to the payment of the annual shared responsibility payment with the payment of their taxes to the federal government from 2014 – 2018.
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1 However, while these are in full force and effect, You have the right to purchase additional coverage under Our PremierMed Short Term Medical-Surgical Expense Plan with no additional underwriting, if You are not covered under an ACA plan of “minimal essential coverage".
The PremierAdvantage Fixed Indemnity Plans with the Optional Well-GIST Rider 1 are not ACA essential health benefits plans. But you can stretch your dollars further by choosing an In-Network Provider. You may choose Any Doctor and Any Hospital! The PremierAdvantage Fixed Indemnity Plans pay the same fixed dollar amount shown on the schedule of benefits regardless of whether services are provided in or out of network. No Calendar Year Deductibles to Satisfy! You receive “first dollar” benefit payments under each of the PremierAdvantage Fixed Indemnity Plans without first having to satisfy any calendar year deductible, which is different from ACA essential health benefit plans and many other plans that require the Insured to first satisfy a calendar year deductible for network providers, and a separate calendar year deductible for non-network providers, before applicable medical expenses are eligible for payment. If you have any questions or want more information about lodging a complaint, please:Įmail: a complaint:. 
However, AFCA will decide each case on its merits and may take a different approach to compensation if the consumer has experienced additional losses.
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In circumstances where the customer’s main loss is the cost of premiums, this may require the refund of premiums, plus any applicable bank charges and any interest the money may otherwise have earned. Consumers can contact AFCA for assistance with submitting a complaint.ĪFCA will review whether the conduct of Freedom Insurance has caused a loss to the complainant.
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Our services are free to consumers, and consumers do not need to be represented to lodge or pursue a complaint at AFCA. If a consumer is dissatisfied with the outcome of the Freedom Remediation Program they may make a complaint to AFCA.ĪFCA is an independent dispute resolution service. The communication will identify and outline what compensation may be considered appropriate in your matter. The remediation program requires Genus Life Insurance Services to contact impacted customers.
Not cancelling life insurance policies promptly when requested by the customerįurther details about the program can be found here. Selling products with limited value to the customer. Engaging in pressure selling techniques. Failure to properly disclose the life insurance policy's key features and limitations at the point of sale. The Freedom Remediation Program was established to identify and compensate customers of Freedom Insurance who may have been disadvantaged by the following past conduct: These life insurance policies were underwritten by Swiss Re, AIA and Noble Oak who were the life insurers of these products. Freedom Insurance typically sold these life insurance policies over the telephone. About Freedom Insuranceįreedom Insurance was a business that sold life, trauma, accidental death, injury, funeral and loan protection insurance. Accordingly, past and current Freedom Insurance policyholders will be approached in relation to the remediation program by Genus Life Insurance Services, the appointed Administrator of the Freedom Remediation Program rather than Freedom Insurance. Freedom Insurance went into liquidation in February 2020 and the remediation program is being undertaken by the underwriters of the life insurance policies.
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