Guardian Provides 100% Coverage For Swine Flu Vaccine
Employees Do Not Have To Pay Co-Payments or Other Out-of-Pocket Expenses for the H1N1 Vaccination
The Guardian Life Insurance Company of America (Guardian), one of the largest mutual life insurers and a leading provider of employee benefits for small and mid-sized companies, today announced that it will cover 100% of the cost associated with the administration of the H1N1 vaccine for employees and their eligible dependents enrolled in a fully-insured Guardian medical plan.
Employees and dependents covered by Guardian will not have to pay any out-of-pocket costs for the H1N1 vaccine, regardless of their plan’s level of coverage for preventative services. No co-pay, deductible or coinsurance will apply.
The U.S. Department of Health and Human Services has announced that it is mobilizing a comprehensive response to address the challenges posed by the H1N1 virus. A key component to this response is the development, testing and distribution of a vaccine against H1N1, which will be separate from the seasonal influenza vaccine. The federal government will cover the cost of the vaccine itself, but physicians will bill for the costs associated with administering the vaccine.
“The outbreak of the H1N1 Flu – commonly referred to as Swine Flu – created a global medical crisis that significantly impacted the American public, businesses and the economy,” said Tim Bireley, VP, Guardian Group Medical. “Guardian decided to cover the costs associated with administering the vaccine because of our ongoing commitment to support and provide quality service to the small and mid-size business owners who rely on our health plans and employee benefits to protect their employees. In today’s economy, we don’t want fees to come between families getting the care they need to stem the spread of the Swine Flu.”
Guardian is also giving its self-insured medical plan-holders the opportunity to provide 100% coverage for the Swine Flu vaccine. Self-insured clients absorb the costs so that employees do not have to pay out-of-pocket expenses related to vaccination. In addition, Guardian provides the administrative support to help make this a seamless process for self-insured employers.
The Guardian Life Insurance Company of America (Guardian), one of the largest and oldest mutual life insurance companies in the United States, is known for its stability and strength. A Fortune 300 company, Guardian is the only major life insurer to earn upgrades from two major rating agencies in 2008: A++ (Superior) by A.M. Best and AA+ (Very Strong) by Standard & Poor’s. As of October, 2009, four rating companies have affirmed Guardian’s ratings: Fitch (AA+/Very Strong); Moody’s (Aa2/Excellent); Standard & Poor’s (AA+/Very Strong), and A.M. Best (A++/Superior).
Founded nearly 150 years ago, Guardian and its subsidiaries are committed to protecting individuals, business owners and their employees with life, long term care insurance, disability income, medical and dental insurance products, and offer 401(k), annuities and other financial products. Guardian medical benefits are available in select markets.
Guardian operates one of the largest dental networks in the United States, and protects more than six million employees and their families at 120,000 companies. The company has more than 5,400 employees in the United States and a network of over 3,000 financial representatives in more than 80 agencies nationwide.