Standard Security Health Insurance, situated in New York, offers health insurance to residents of all 50 states, as well as Puerto Rico and the Virgin Islands. Founded in 1958, Standard Security Health Insurance provides its members with a wide selection of health plans that range from the most basic of coverages to the most comprehensive plans available on the market.
Ratings for Standard Security Health Insurance
In January 2009, Standard Security Life Insurance Company received a rating of A- (Excellent) with A.M. Best. This rating means that the financial strength of Standard Security Health Insurance is far superior to many of its competitors. Having good financial strength is important for members as it ensures that they will receive the health benefits and expenses that they are paying for through their insurance company.
Standard Security Life Options for Health Insurance
Standard Security Life Insurance not only provides various health plans for individuals and families, but they also have several options for employers of small businesses.
- HMO, or Health Maintenance Organizations include a group of physicians, medical facilities, and other medical providers who work in conjunction with the insurance companies to offer lower premiums for members. Each member chooses their own primary physician who can refer them to specialists in the network.
- POS, or Point of Service plan also requires the member to choose their primary doctor who can refer them to a specialist if necessary. In this respect, it is similar to an HMO. The difference is that with a POS, the member fills out and handles all of the paperwork involved in a medical claim.
All of the health plans offered by Standard Security come with basic coverages and can be upgraded to more comprehensive plans. Some plans include maternity care, vision, dental, or mental health coverage. A member can also opt to purchase short term health insurance, as well as specially designed plans for people who are volunteers or who have a disability.
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