New Low-Cost Basic Health Coverage for Individuals Introduced by Celtic Insurance Company
(Chicago, May, 2005) – In an effort to meet the needs of uninsured young singles and families, as well as recent graduates and young professionals between the ages of 19-34, Celtic developed the new Celtic Basic plan to provide essential health insurance coverage at an affordable rate. Celtic Basic offers an economical solution for individuals who do not want to pay high premiums for coverage they do not use.
“Today more than ever individuals are shopping for price when making insurance decisions,” said Jim Daly, Chief Operating Officer of Celtic Insurance Company. “They’re looking for inexpensive coverage, yet they want to be certain they are fully protected against expensive unforeseen medical procedures. So with Celtic Basic the essentials, the features, and most importantly, the rates these consumers want, are all built-in.”
The new Celtic Basic plan provides the same type of benefits as Celtic’s other major medical plans, including coverage for doctor office visits, hospitalization, surgery and impatient and outpatient care. In addition, Celtic added supplemental features that help provide a competitive edge over other basic health plans. Celtic Basic offers two $30 copay office visits per year, provides first-dollar preventive care coverage up to $200 after a 12-month eligibility period, 80/20 coinsurance for network providers, and a choice of three deductibles: $1,500, $2,500 and $5,000.
Because of the targeted market segment for Celtic Basic, the plan also provides a lifetime maximum of $5 million to fully protect customers with families, obligations or educational debt. And an optional prescription drug card is available with a $25 copayment for generic drugs.
“The Celtic Basic plan rounds out Celtic’s individual health portfolio and provides new opportunities for helping agents do what’s best for their customers,” Daly said. “For price-sensitive prospects, Celtic Basic will be a solution agents can turn to time and time again.”
For 25 years, Chicago-based Celtic Insurance Company combines a track record of product innovation and financial stability in providing health insurance products for individuals of all ages. Since 1986, Celtic has earned an (Excellent) rating, currently
“A-” from A.M. Best, a demonstration of the company’s financial strength. Celtic is known in the industry for high-quality products, an emphasis on customer service and technological expertise. Celtic’s District Sales Managers, who provide pre-sale support to insurance agents, are available during business hours at 1-800-477-7990. And Celtic’s web site, www.celtic-net.com, has online applications, instant rate quotes and product information for all its plans.
For Immediate Release
Contact: Melissa Canellis
(312) 332-8551
mcanellis@celtic-net.com