![]() |
|||||||||||||||||||||||||||||||||||||||||
![]() |
|||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||
|
Following are brief outlines of various insurance program features. To receive information on any of these programs, please complete an Interest Form.
If you have any questions regarding the sponsored insurance programs please contact a Marsh Client Service Representative at (800) 775-2020 or e-mail us at COA.Insurance@marsh.com. This web page is for illustrative purposes only, and is not a contract. It is intended to provide a general overview of the services described. Remember that only the policy can provide the actual description of services, terms, conditions and exclusions. |
|||||||||||||||||||||||||||||||||||||||||
|
Open a Health Savings Account! Sign up online with HSABank.com
|
|||||||||||||||||||||||||||||||||||||||||
![]() |
|||||||||||||||||||||||||||||||||||||||||
| • Group Universal Life • Accidental Death and Dismemberment Program • Long Term Disability Program • Business Overhead Expense Program • Long Term Care Program • Auto and Homeowners Program |
|||||||||||||||||||||||||||||||||||||||||
|
Professional Liability Insurance protects you against claims arising from real or alleged errors or omissions, including negligence, in the course of your professional duties. You pay only for the principals, employees or additional insureds, there is no extra premium for the coverage of your business. Additionally, there is no premium charge for coverage provided for opticians, technicians and assistants.
Select the coverage limits that suits your needs, up to $2,000,000 per incident, $4,000,000 annual aggregate. Highlights Include: • Legal fees and court costs paid for covered claims. • Lost wages can be collected if you are required to appear in court due to a claim filed against you. • You are covered for the performance of services as a member of a professional board or organization. |
|||||||||||||||||||||||||||||||||||||||||
![]() |
|||||||||||||||||||||||||||||||||||||||||
| Underwritten by: Liberty Insurance Underwriters Inc., a member of Liberty Mutual Group (rated "A" by A.M. Best and Company) Transparency & Disclosure |
|||||||||||||||||||||||||||||||||||||||||
|
Workers' Compensation insurance is required by law and covers your employees in the event of a job-related injury. Coverage is standardized by state law and includes hospital and medical expenses, work-related disability income and a death benefit.
|
|||||||||||||||||||||||||||||||||||||||||
![]() |
![]() |
||||||||||||||||||||||||||||||||||||||||
| Underwritten by: Zenith Insurance Company ZNAT Insurance Company, a wholly-owned subsidiary of Zenith Insurance Company, is the underwriter for the California Optometric Association program. (rated "A" by A.M. Best and Company) |
|||||||||||||||||||||||||||||||||||||||||
|
The Business Owners Package offers you insurance protection with these features:
• The Business Real Property You Own • Business Personal Property • Business Liability • Premises Medical Payments • Professional Liability Coverage also available as an endorsement on the BOP Policy |
|||||||||||||||||||||||||||||||||||||||||
![]() |
![]() |
||||||||||||||||||||||||||||||||||||||||
| Underwritten by: Zurich Precision America (rated "A+" by A.M. Best and Company) Transparency & Disclosure |
|||||||||||||||||||||||||||||||||||||||||
|
Risk Management
Insurance
|
|||||||||||||||||||||||||||||||||||||||||
![]() |
|||||||||||||||||||||||||||||||||||||||||
![]() |
![]() |
||||||||||||||||||||||||||||||||||||||||
| High Deductible Health Plans and Health Savings Accounts | |||||||||||||||||||||||||||||||||||||||||
|
Open a Health Savings Account if you already have a qualified high deductible health plan. Sign up online with HSABank.com
In order to open a Health Savings Account, you must satisfy these four eligibility guidelines: 1) you must be enrolled in a qualified high deductible health plan (not just a health plan with a high deductible), 2) you may not be covered under any health plan that is not a high deductible health plan, 3) not be enrolled in Medicare, and 4) not be claimed as a dependent on another person’s tax return. Significant premium savings are available through a number of qualifying high deductible health plans (HDHP) on an individual or group basis. For more information or a quote on any of these plans, please call a Client Service Representative at 800-775-2020 or download the quote request form below. |
|||||||||||||||||||||||||||||||||||||||||
|
Blue Cross Programs
For Individuals and Small Groups (2 50) You have a choice of health care programs for your family and your employees. Programs include: PPO, HMO and HSA. HMO Plans: • Low out-of-pocket costs and unlimited lifetime benefits for covered services. • Minimal co-pays for office visits and self-referral for OB/GYN (women's health specialists). • Specialty services include allergy, dermatology and ear, nose and throat. PPO Plans: • Direct access to the doctors, hospitals and specialists of your choice. • Immediate (deductible-free) benefits on some plans for office visits and generic drugs. • Low negotiated provider fees that substantially reduce your out-of-pocket costs. |
|||||||||||||||||||||||||||||||||||||||||
![]() |
|||||||||||||||||||||||||||||||||||||||||
| For a quote, please call a Marsh Client Service Representative at 800-775-2020. Or download the quote request form and fax it to 213-346-5946.
(Marsh and COA do not provide tax advice. Please consult with your personal advisors.) Open a Health Savings Account! Sign up online with HSABank.com |
|||||||||||||||||||||||||||||||||||||||||
|
This program lets you know exactly how much you're covered for in advance. A table of allowances will detail how much the program covers for each dental service. You are responsible for the difference between the allowed dollar amount and the dentist's filed fee, when using a Delta dentist (93% of California's dentists are Delta dentists.) If you are not using a Delta dentist, you are responsible for the portion of the fee not covered by the allowance, up to the billed amount.
Highlights Include: • Calendar year deductible: $50 per insured/$150 per family • No deductible on diagnostic and preventive services • $1,000 maximum per calendar year for each insured Underwritten by: Delta Dental (rated "A-" by A.M. Best and Company) |
|||||||||||||||||||||||||||||||||||||||||
| New! Group Level Term Life Insurance Program
ReliaStar Life Insurance Company, one of the ING family of companies, is the new insurer of the association sponsored Level Term Life program. The program offers members two insurance options: 10-Year Level Term and 20-Year Level Term. And, you may apply for amounts from $200,000 up to $1,000,000! Rates for the first 10 or 20 years of your coverage are locked in so that you do not experience increases in premium as you get older. This results in substantial premium savings during the life of the coverage. After the initial 10 or 20 year term period, you can reapply for coverage at your then attained age or transfer to the regular term life program if you no longer qualify through underwriting. Each plan also includes both a travel assistance service and a funeral planning and concierge service at no additional charge to you. You may also insure your spouse or domestic partner, and your eligible employees may apply for coverage as well. For members who wish to apply for amounts from $50,000 to $150,000, a traditional annual renewable term plan is available. Level Term Life Insurance is underwritten by ReliaStar Life Insurance Company. Level Term Life Plans: Transparency & Disclosure |
|||||||||||||||||||||||||||||||||||||||||
| This plan offers permanent insurance (up to $1,000,000) that is guaranteed renewable to age 95 and an optional cash accumulation account that earns tax-deferred interest at competitive rates (minimum guarantee: 4%). An accelerated death benefit provision (equal to 50% of your policy up to a maximum of $250,000) is included.
Highlights Include:
For More Information, or to Enroll: Go to www.MetLife.com/MyBenefits. Enter "COA" when prompted for your Company Name. Call 1-800-301-3688 if you have questions, or to request enrollment materials be sent to you. Underwritten by: Metropolitan Life Insurance Company (rated "A+" by A.M. Best and Company) |
|||||||||||||||||||||||||||||||||||||||||
| AD&D | |||||||||||||||||||||||||||||||||||||||||
| This program covers you 24-hours a day, 365 days a year and pays regardless of any insurance you may have. Benefit amounts are available from $50,000 to $750,000.
Highlights Include:
Underwritten by: Unum Life Insurance Company of America (rated "A-" by A.M. Best and Company) |
|||||||||||||||||||||||||||||||||||||||||
| LTD | |||||||||||||||||||||||||||||||||||||||||
|
Underwritten by New York Life Insurance Company Apply for up to $10,000 Monthly Benefit Features include:
Optional Catastrophic Benefit If a benefit for total disability becomes payable, and you become cognitively impaired or unable to perform two or more Activities of Daily Living (ADL’s) as defined, you may be eligible to receive an additional monthly benefit of $1,000, $2,500 or $5,000 per month for a maximum of 24 months, subject to meeting qualifying criteria. To learn more about this coveragefeatures, costs, eligibility, renewability, limitations, exclusions and underwriting insurance companyor if you wish to apply, click here. About the Underwriter: |
|||||||||||||||||||||||||||||||||||||||||
|
Business office expenses need to be met, even if you aren’t around to pay them. The COA Group Business Overhead Expense Insurance Plan can help you keep your practice running by providing financial coverage for your normal operating expenses while you are recovering from a disability. You will be able to take the time needed to recuperate while finding comfort in knowing that your office and staff will be ready and waiting for your return.
This Plan is designed to provide coverage for the normal operating expenses of your current practice which are incurred while you are Totally Disabled. Eligible Overhead Expenses include, but are not limited to: office rent, interest payments on existing business equipment or furniture loans, utilities (heat, water, telephone, electricity, etc.,) employees’ salaries and payroll taxes, rental, lease or depreciation of office equipment, monthly average of taxes on the premises, insurance premiums, accounting fees (to the extent that such expenses are normal and customary in the conduct and operations of the business,) professional membership and/or subscription dues, such other fixed expenses as are normal and customary in the conduct and operation of your office. If you’re incorporated, a partner or joint tenant, Eligible Overhead Expenses include only your share of overhead expenses. Eligible Overhead Expenses do not include: the salary, fees, drawing accounts, profits, or any compensation for you, your partner or any member of your profession employed by or working for you; any individual hired after the date your disability begins; income taxes; personal expenses; charitable contributions; the cost of purchase of office equipment, goods or merchandise; or the payment of principal on any indebtedness. About the Underwriter: |
|||||||||||||||||||||||||||||||||||||||||
|
Helps Protect You Against the Rising Cost of Nursing Home, Community Care and care at home. Although you may believe that you are too young to start thinking about long-term care and its costs, consider this: premiums are based on age, the younger you are when you purchase this coverage, the lower your premium will be. Insurers reserve the right to adjust future premiums for all policyholders by state and class. Your premiums will never increase due to changes in your health status or your age. The Long-Term Care Insurance Plan sponsored by the California Optometric Association can help you protect your assets while providing you with the high quality protection you need. Your parents and parents-in-law can also apply for this coverage. The Plan reimburses benefits during covered nursing home stays and offers several choices of daily benefits and payment maximums. An inflation protection option is also available. In addition, home and community care coverage is available to complete your long-term care protection. This coverage reimburses for covered care at home and in the community, such as adult day care centers. As a California Optometric Association member, you have access to a special benefitthe Long-Term Care Resources Network, a unique long-term care buying service. This benefit allows you to work with a long-term care insurance representative who will give you all the information about benefits and rates of different highly rated long-term care provides. With so many different providers, you may have questions about the coverage they provide:
One simple phone call to the Long-Term Care Resources Network for COA members is all it takes to start protecting your assets from long-term health risks and get your questions answered. No obligation necessary! For more information, a one-on-one consultation with an experienced Long-Term Care Resources Network Representative and how to apply, please call 1-800-616-8759 or visit www.myltcplan.com/coa. FAQs What is the Cost of Care? What is the Cost of Waiting to Purchase Long-Term Care Insurance?
Waiting delays covering your long-term care risk and can cost you money. Won't the Federal Government Pay for My Long-Term Care? |
|||||||||||||||||||||||||||||||||||||||||
|
The new Group Savings Plus® Program provides special discounts on automobile and homeowners premiums for COA Members. There is an additional discount if both policies are purchased through Liberty Mutual. Non-members may also apply, but they will not be eligible for the discounts.
Highlights of the Group Savings Plus Program • Covers automobiles, homes, personal articles, personal umbrella policies, valuable possessions, seasonal dwellings and recreation vehicles. • 24-hour roadside assistance* and round-the-clock claims service • Enroll over the phone or visit a local office. • Contractor Network Referral Program For an on-line quote, please go to Liberty Mutual's Quote Page at www.libertymutual.com/caoptometricassoc. Or call Liberty Mutual at 1-800-524-9400. * Service applies to auto policyholders and is provided by Cross Country Motor Club of Boston, Inc., Boston, MA or through Cross County Motor Club of California Inc., Boston, MA. Underwritten by: Liberty Mutual (rated "A" by A.M. Best and Company) |
|||||||||||||||||||||||||||||||||||||||||
|
Questions?
Call a Client Service Representative at (800) 775-2020 or e-mail us at COA.Insurance@marsh.com To receive information on the sponsored programs complete an Interest Form Page last updated 12/19/2011 d/b/a in CA Seabury & Smith Insurance Program Management • CA Ins. Lic. #0633005 Marsh/Seabury & Smith Insurance Program Management (Marsh) makes no representations or warranties, expressed or implied, concerning the financial condition or solvency of any insurers. A.M. Best’s Ratings are under continuous review and subject to change and/or affirmation. For the latest Best’s Ratings and Best’s Company Reports (which include Best’s Ratings), visit the A.M. Best website at http://www.ambest.com. See Guide to Best’s Ratings for explanation of use and charges. Best’s Ratings reproduced herein appear under license from A.M. Best and do not constitute, either expressly or impliedly, an endorsement of Marsh or its recommendations, formulas, criteria or comparisons to any other ratings, rating scales or rating organizations which are published or referenced herein. A.M. Best is not responsible for transcription errors made in presenting Best’s Ratings. Best’s Ratings are proprietary and may not be reproduced or distributed without the express written permission of A.M. Best Company. |
|||||||||||||||||||||||||||||||||||||||||