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Proamica Health Insurance Plans
Revelation Healthcare is a Healthcare Trust Provider that was acquired by the General & Medical Finance Ltd. in 2010 and has been merged with their Healthcare Trust Provide, ProAmica.A Corporate Healthcare Trust works similarly to business health insurance, since in a healthcare trust, the employer funds and pays for the healthcare benefits of the employees. Corporate Healthcare Trust is a viable alternative to Private Medical Insurance.
Once you choose to set up the Trust, the company makes periodic contributions to the trust fund's own bank account. All of the funds are used to cover the medical costs of employees; any excess amount or interest earned is kept in the Trust which is controlled by a set of Trustees. Potential claims against the fund can be predicted from the information that is supplied but some still opt to choose the Trust Protect-Stop Loss Insurance.
The Trust Protect-Stop Loss Insurance is an additional service provided by ProAmica's parent company that offers protection in case the claim amount exceeds the recommended funding level of the Trust.
Trust Options are (1) Client Owned Trust, you own the trust and ProAmica just administers the trust on your behalf. (2) ProAmica Trust, you participate in the Trust that is owned by ProAmica, your gain here is that ProAmica as a big company has bargaining powers for you to be able to enjoy more benefits. Lastly, (3) Administration only, this is when you already have your own Trust and need someone to manage the daily activities of your Trust.
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June 20, 2013 Insurers: Essential Healthcare Medical Insurance | Proamica Medical Insurance | Freedom Healthnet Medical Insurance
We are an independent intermediary for various medical insurance providers, all of which are authorised and regulated by the Financial Services Authority. As an intermediary, we are not authorised to give advice regarding personal insurance contracts of any nature. The information provided is only intended to assist in consumer decision making and does not construe advice of any kind.
