America's Benefit Specialist July 2023

PRODUCT NEWS

states coming online throughout the remainder of 2023. For more information, visit www.sunlife.com.

WASHINGTON NATIONAL ANNOUNCES NEW ACCIDENT INSURANCE PRODUCT Washington National Insurance Company, a national pro vider of supplemental health and life insurance products for middle-income Americans, has announced its new Accident Insurance product. Available for individual and worksite sales, Accident Insurance offers financial protection in the form of lump-sum cash benefits paid directly to the policyholders when a covered accidental injury occurs. Accident Insurance benefits can help policyholders pay for accident-related costs that aren’t covered by a traditional health or disability insurance plan. It includes four levels of coverage, six optional benefit riders, and built-in accidental dismemberment and death benefits. The optional Return of Premium/Cash Value benefit rider is a distinctly competitive feature in the marketplace that allows customers to get back 100% of their premiums paid, minus any claims incurred, at the end of the rider period. Accident Insurance is available in 30 states: AK, AL, AR, AZ, FL, GA, HI, IA, IL, KS, KY, LA, ME, MI, MO, MS, MT, ND, NE, NH, NV, OK, PA, SC, SD, TX, WA, WI, WV and WY, with additional states being added later this year. To learn more, visit www. WashingtonNational.com. SUN LIFE OFFERS NEW DENTAL PLAN OPTIONS As part of its Lifetime of Smiles oral health platform, Sun Life U.S. has launched two PPO dental plan options for employer clients, to help their employees stretch their benefit dollars and get more coverage for the dental care they need. The Preventive Rewards option incentivizes people to get regular cleanings by adding money to the annual maximum amount covered by their policy when they maintain preven tive care. The RollMax option allows dental members to roll over a portion of unused annual maximum dollars for future use. Both options provide additional funds to cover more dental care, from preventive or routine care to major services such as root canals, dentures, or oral surgery. Employers can use Sun Life’s comparison tool to see which plan option is the best fit for their employees. Preventive Rewards and RollMax are currently available in 32 states for policies effective January 1, 2024, with additional

PETERSEN INTERNATIONAL DEBUTS NEEDLESTICK INSURANCE

Petersen International Underwriters has announced a new product for employee benefits market called Needlestick Insurance. This group benefit plan offers a significant cash lump sum to help compensate healthcare workers, emer gency services workers and first responders who have been injured by a needlestick occurrence and have contracted a bloodborne pathogen. The purpose of the insurance is to help cover costs associated with testing, treatment and other expenses that may arise as a result of needlestick injury, such as lost wages and travel expenses. The plan provides benefits up to $100,000 and covers Hep atitis B, Hepatitis C and HIV. Also, the product offers census enrollment as an employer-paid group plan. The policy term is one year, and it is available in most states. Petersen International Underwriters specializes in unique medical, life and disability insurance platforms for high-net worth individuals, small businesses and large corporations. Visit www.piu.org to find out more. SOLA LAUNCHES SELF-FUNDED HEALTH PLANS TO HELP EMPLOYERS SAVE ON BENEFITS Sola Health has launched a portfolio of self-funded health plans that deliver premium medical and pharmacy coverage at a lower cost. With these plan designs, Sola is helping employers of all sizes break free from the skyrocketing pre mium and renewal costs commonly experienced with fully insured carriers. As part of the Goodroot community of companies, Sola is on a mission to address rising healthcare costs for employ ers and their people. Aside from zero-dollar renewals, Sola plans include targeted solutions for high-cost medical and pharmacy claims—a true differentiator for employers in the self-funded market. From level-funded plans with major national carrier net works to more aggressive value-based pricing plans, Sola caters to varying degrees of self-funding experience. Their team guides groups new to self-funding through the transi tion, mitigating unseen risks and protecting businesses from potential high-cost claims and employee disruption.

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