Pan-American Life Creates Pan-American Benefits Solutions

New Oreleans-based Pan-American Life Insurance Group announced the launch of its new member company, Pan-American Benefits Solutions Inc.

Pan-American Benefits Solutions is a provider of group benefit programs that offer solutions for the pressures of rising medical insurance costs in the current market, according to the company’s announcement. Pan-American Benefits Solutions offers limited medical group benefits in the United States, granting employers in search of more economic plans access to affordable group healthcare.

Pan-American Benefits Solutions signature products include PanaMed and CommonSense issued by Pan-American Life Insurance Company and feature quality benefits, competitive pricing and the ability to customize offerings for a wide variety of industries.

Pan-American Benefits Solutions caters to service industries including healthcare professionals such as nurses, hospital and medical clinic employees; and those in the hospitality, transportation, construction and agriculture industries, among others.

PanaMed is a limited benefit plan that pays a fixed benefit amount to help individuals cover the cost of common medical services such as doctor visits, diagnostic tests and x-rays, hospitalization, accidents, emergency room, surgery, anesthesia, intensive care and wellness services among others.

Providing an offering between limited medical plans and major medical coverage, CommonSense offers many of the same features of a major medical plan. Coverage limitations and deductibles are designed per calendar year or per day for some benefits, rather than on a lifetime basis, therefore resulting in lower rates than traditional major medical plans.

Pan-American Benefits Solutions offers full-service enrollment services, to guide employers and brokers through the PanaMed and CommonSense enrollment process. The bilingual call center is also available in English and Spanish to support enrollment and information as requested.

Additionally, Pan-American Benefits Solutions will be offering other Pan-American Life Insurance Company products such as Group Life and Medical Accident/Accidental Death and Dismemberment.

A member of the Pan-American Life Insurance Group, Pan-American Benefits Solutions shares the Group’s expertise, which spans nearly a century combined. Pan-American Benefits Solutions is led by John Foley, Senior Vice President – Domestic Markets, and headquartered in Plano, Texas.

Source: Pan-American Life Insurance Group www.panamericanlife.com.