Combined Insurance: Open Enrollment — A Time to Weigh Health Insurance Options and Consider the Value of Supplemental Insurance

GLENVIEW, Ill.–(BUSINESS WIRE)–Many health insurance co-pays, deductibles, and co-insurance
out-of-pocket expenses will rise again in 2016 as insurance companies
and employers increasingly ask policyholders to pay more of their
healthcare expenses. Combined Insurance, a leading provider of
individual supplemental accident,
and life
products, and an ACE Group company, is encouraging people
to take advantage of this year’s Open Enrollment period by carefully
assessing their healthcare insurance coverage and considering
supplemental insurance options.

Open enrollment is a time when millions of Americans make important
health insurance decisions and can make changes in the plans they choose
for the coming year. For those enrolled in a plan through their employer
or a state or federal Affordable Care Act marketplace exchange, this
year’s open enrollment is November 15 through January 31. Open
enrollment for Medicare or Medicare Advantage plans began on October 15
and lasts until December 7.

Doug Abercrombie, SVP and Chief Agency Officer, at Combined Insurance
explains, “As we learned late last month from The
Washington Post
, health insurance purchased through the Affordable
Care Act increased 7.5 percent, on average. Many consumers, whether they
are relying on health insurance provided by an ACA exchange, employer,
or Medicare, are facing higher health insurance costs. This assessment
can be critical to protecting an individual’s or family’s financial
well-being. With benefits paid directly to policyholders, supplemental
insurance can provide greater peace of mind by helping to bridge any
coverage gaps that may exist.”

During open enrollment, Abercrombie recommends individuals take the time
to review their current insurance to identify changes in premium costs
and coverage compared to previous coverage, as well as changes in
co-pays, deductibles, coinsurance amounts, and out-of-pocket limits.
“Once policyholders have a clear understanding of what their primary
insurance benefits cover, they can determine whether or not it would be
beneficial to add supplemental insurance protection,” Abercrombie said.

How Supplemental Insurance Can Help

As its name implies, supplemental insurance complements existing major
medical coverage. Benefits are paid directly to policyholders and can be
used however they wish, including to help pay for uncovered or
unreimbursed health insurance or medical expenses. It can also be used
to pay for non-medical expenses often associated with serious illness or
injury ‒ such as replacing lost income for time out of work and
unforeseen costs, such as transportation, childcare, and household

Combined Insurance offers several types of supplemental insurance
policies, each providing coverage for a particular illness, group of
illnesses, injury, or life-changing event. Some of these include:

  • Accident and Sickness Insurance
  • Cancer Insurance
  • Critical Care Insurance
  • Disability Insurance
  • Life Insurance

For more information on Combined Insurance supplemental insurance
policies, please call 1-800-490-1322 or visit

About Combined Insurance

Combined Insurance Company of America is a leading provider of
individual supplemental accident, disability, health, and life insurance
products and an ACE Group company. In New York, policies are
underwritten by Combined Life Insurance Company of New York, Latham, NY.
With a field sales force and corporate staff in excess of 5,000 people
worldwide, Combined Insurance meets the growing coverage needs of
policyholders around the globe.

About ACE

ACE Group is one of the world’s largest multiline property and casualty
insurers. With operations in 54 countries, ACE provides commercial and
personal property and casualty insurance, personal accident and
supplemental health insurance, reinsurance and life insurance to a
diverse group of clients. ACE Limited, the parent company of ACE Group,
is listed on the New York Stock Exchange (NYSE: ACE) and is a component
of the S&P 500 index. Additional information can be found at:


Combined Insurance
Melanie Lundberg, 847-953-8041