Assurant Health

Written by: Billy Strawter Jr

About Assurant Health

Assurant Health has been in business since 1892 and is the brand name for products underwritten and issued by Time Insurance Company, John Alden Life Insurance Company and Union Security Insurance Company. Together, these three underwriting companies provide health insurance coverage for almost one million people nationwide. Each underwriting company is financially responsible for its own insurance products. Primary products include individual medical, small group, short term and student health insurance products, as well as non-insurance products and consumer-choice products such as Health Savings Accounts and Health Reimbursement Arrangements. With almost 3,000 employees, Assurant Health is headquartered in Milwaukee, Wis., and has operations offices in Minnesota, Idaho and Florida, as well as sales offices across the country.

Size, Stability, Strength

Assurant Health is a leader in the individual medical health insurance market.

Assurant Health’s underwriting companies are among the top sellers of temporary health insurance in the U.S.

Assurant Health’s underwriting companies are among the leading independent providers of health insurance to small businesses, individuals and their families, with almost one million covered lives.

Assurant Health was one of the first to introduce Health Savings Accounts, and its companies continue to be top sellers of HSAs.

Assurant Health has developed a portfolio of Health Reimbursement Arrangements (HRAs) for small employer groups.

Assurant Health’s legal entities, Time Insurance Company and John Alden Life Insurance Company, have each been assigned an A.M. Best rating of A- (Excellent). Union Security Insurance Company is rated A (Excellent). (Source: A.M. Best Ratings and Analysis, June 2006.)

Assurant Health Products

Assurant Health provides solutions for customers’ health care needs by offering a wide array of individual, small group and specialty health insurance products. Assurant Health includes health insurance products issued and underwritten by Time Insurance Company, John Alden Life Insurance Company and Union Security Insurance Company. Assurant Health headquarters is in Milwaukee, WI.

Assurant Individual Major Medical

Assurant Health’s individual major medical insurance is designed for individuals and their families. These products fill a need for those who are self-employed or do not have insurance through an employer or another group. Assurant Health’s managed indemnity plans provide a range of deductibles and product features, giving individuals and families flexibility and choice in health insurance protection. Assurant Health is one of the major providers of such insurance in the United States. In fact, Life Association News cited Time Insurance Company, a Assurant Health company, as the largest company in the individual market, based on market share, in a February, 1999 article. Assurant Health offers individual major medical policies through John Alden Life Insurance Company and Union Security Insurance Company as well as Time Insurance Company.

Assurant Small Group

Assurant Health’s small group products primarily serve businesses with 2-50 employees. These plans offer an array of benefit choices to help small businesses design a health plan that meets the needs of employees and the budget of business owners. With the 1998 acquisition of John Alden Life Insurance Company, Assurant Health became one of the largest independent health insurance companies serving small businesses. Assurant Health offers small group health insurance plans through John Alden Life Insurance Company, Time Insurance Company and Union Security Insurance Company.

Assurant Health Savings Accounts

Health Savings Accounts combine a high deductible health insurance plan with a tax-advantaged savings plan for medical expenses. Assurant Health was one of the first to offer HSAs to both individuals and small businesses, and today is a leading provider of these innovative plans. Assurant Health HSAs offer seamless HSA administration. HSA plans are offered through Time Insurance Company and John Alden Life Insurance Company and Union Security Insurance Company.

Assurant Short Term Medical Insurance

Assurant Health’s Short Term Medical Insurance is designed for individuals who are between jobs, waiting for employer group coverage, laid off, on strike, and seasonal/temporary employees. It is also designed for recent graduates who haven’t started working at a full-time job with benefits, but are no longer covered under a parent’s plan. Assurant Health’s Short Term Medical insurance is a temporary health insurance plan that offers coverage for 30-365 days. Assurant Health introduced the health insurance industry’s first Short Term Medical Plan in 1973, and is the nation’s leading provider of temporary health insurance. Short Term Medical insurance is available through Time Insurance Company and John Alden Life Insurance Company.

Assurant Health Student Select

Assurant Health Student Select is a specialty product designed for undergraduate and graduate college students. Student Select provides renewable individual health insurance for single students no longer covered by a parent’s plan; for those living outside the family plan’s HMO or PPO network; and for those seeking a more comprehensive alternative to a college-sponsored plan. Student Select is offered through Time Insurance Company.

Assurant Health Quote Michigan

About the author

Billy Strawter Jr wrote 132 articles on this blog.

My name is BJ Strawter. My grown up name is Billy. Which means everyone calls me Bill. I am an entrepreneur. My first business was a dance club. Next to a police station. First lesson on the importance of location in business.

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