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HM Increases Premium Discount for Limited Benefit Medical Plans

PITTSBURGH — (Jan. 9, 2008) — In a decision designed to make it easier for employers to offer limited medical insurance to uninsured workers, HM Life Insurance Company announced that rates for its limited benefit medical plan, HM Care Advantage, will be decreased by 25 percent when employers pay 100 percent of the premium.

“The continued, steep increase in numbers of working uninsured demonstrates that employers need relief,” said Dan Lebish, president and CEO of HM Insurance Group. “Employers realize that medical benefits have a positive impact on worker recruitment, retention, health status and productivity. HM Care Advantage is offering to reduce costs for the employer.”

Lebish explained that HM’s discount begins when an employer pays 50 percent of the cost of coverage. The full 25 percent discount is applied when an employer funds 100 percent of the premium. The discounts will apply to the medical benefits in all coverage tiers, including spouse and dependents.

HM Care Advantage offers spouse and dependent–only coverage. “We also recognize that even when an employer pays all or a significant portion of the employee’s medical coverage, many employees are leaving their family members uncovered because they can no longer afford the cost,” said Lebish. “HM Care Advantage plans are designed as an indemnity benefit offering wellness and office visits, hospitalization, outpatient testing, vision exams and may even include a variety of additional services such as prescription drug and dental insurance. Our provider network extends the employee’s benefits by offering provider discounts. HM Care Advantage makes it possible to get medical care for health issues before they become major.”

About HM Insurance Group

Pittsburgh-based HM Insurance Group provides group health-related insurance products to protect businesses and their employees from potential financial losses associated with health costs. HM Insurance Group’s connected portfolio of products and services helps to provide health risk solutions for clients.

HM Insurance Group consists of HM Life Insurance Company, RBS Re, HM Life Insurance Company of New York, HM Casualty Insurance Company and HM Benefits Administrators. HM Life Insurance Company and HM Life Insurance Company of New York  are rated  “A-“(Excellent) by A.M. Best Company, one of the country’s oldest and most respected rating agencies.

Through its insurance companies, HM Insurance Group holds insurance licenses in 50 states and the District of Columbia. HM Insurance Group maintains 19 regional sales offices across the country. Not all products or services are available in all states.