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HOUSTON, May 14, 2019 (GLOBE NEWSWIRE) -- Tokio Marine HCC today announced an innovative solution for managing escalating air ambulance charges for its stop loss customers. Tokio Marine HCC – Stop Loss Group (TMHCC – Stop Loss Group) is providing access to cost containment capabilities through a partnership with On Call International (On Call), a wholly owned subsidiary of Tokio Marine HCC.
TMHCC – Stop Loss Group strives to provide a one-stop resource for its producers and their clients. Therefore, in addition to offering stop loss products, TMHCC – Stop Loss Group is extending to its producers access to the cost containment capabilities of On Call. And while its producers can access On Call’s services for all of their clients, only their TMHCC – Stop Loss Group’s policyholders can receive On Call’s services at discounted rates.
With more than 20 years of experience in coordinating air ambulance evacuations, On Call utilizes a proprietary network of preferred providers, which allows them to pass in-network cost savings on to their clients, members and partners without the fear of large unknown costs or patient balance billing, outside of normal cost sharing requirements.
“Increasing catastrophic medical claims are causing our customers to seek solutions for controlling the rising costs associated with employee benefit coverage. At TMHCC – Stop Loss Group, helping our customers understand and control these costs is our top priority. By partnering with our sister organization, On Call International, we are delivering one such solution focused on managing the cost of air ambulance evacuations via access to On Call’s proprietary network of preferred air ambulance providers,” said Daniel A. Strusz, TMHCC – Stop Loss Group’s President and Chief Executive Officer.
Tokio Marine HCC is the marketing name used to describe the affiliated companies under the common ownership of HCC Insurance Holdings, Inc., a Delaware-incorporated insurance holding company. Headquartered in Houston, Texas, Tokio Marine HCC is a leading specialty insurance group with offices in the United States, the United Kingdom and Continental Europe. Tokio Marine HCC’s major domestic insurance companies have financial strength ratings of “AA- (Very Strong)” from S&P Global Ratings, “A++ (Superior)” from A.M. Best, and “AA- (Very Strong)” from Fitch Ratings; its major international insurance companies have financial strength ratings of “AA- (Very Strong)” from S&P Global Ratings. Tokio Marine HCC is a member of the Tokio Marine Group, a premier global company founded in 1879 with a market capitalization of $34 billion as of December 31, 2018. For more information about Tokio Marine HCC, please visit www.tokiomarinehcc.com.
Tokio Marine HCC – Stop Loss Group is the marketing name used to describe the medical stop loss-related insurance operations of Tokio Marine HCC through its wholly owned subsidiary HCC Life Insurance Company (HCC Life). HCC Life is a leading provider of medical stop-loss insurance through brokers, consultants and third party administrators. The Company has financial strength ratings of “AA- (Very Strong)” from S&P Global Ratings, “A++ (Superior)” from A.M. Best, and “AA- (Very Strong)” from Fitch Ratings. HCC Life is backed by the financial strength of its parent company, HCC Insurance Holdings, Inc. For more information about HCC Life, please visit www.tokiomarinehcc.com/life.
On Call International is a leading provider of fully-customized travel risk management services protecting millions of travelers, their families, and their organizations. The Company understands that when traveling, every problem is unique – a medical crisis, a political threat, even a common incident such as a missed flight - but every solution starts with customized care that ensures travelers are safe and protected. For more information about On Call International, please visit www.oncallinternational.com.
|Contact:||Doug Busker, Vice President – Public Relations|
|Tokio Marine HCC|