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The Bridge Plan
NOTICE: Affordable Care Act & The Bridge Plan
From Petersen Int'l Underwriters, dated 10/17/2013
After 22 years of providing dependable medical coverage, we regret to announce that the Affordable Care Act has put an end to The Bridge Plan. Effective immediately, no new Bridge Plan applications will be accepted.
A notice will be mailed to every in-force policyholder informing them that no new coverage will be offered at the expiry of their current certificate. Current policy holders will be able to keep their plan UNTIL it expires.
Petersen International Underwriters is disappointed to lose this valuable insurance product as it helps senior aged individuals transition into the Medicare system and provides a solution for those who are not yet eligible for Medicare.
America continues to be the "melting pot" of the world. The need for proper medical coverage becomes more and more important as America receives thousands of immigrants a year, many of whom are too old for individual coverage and, due to residency status, are not eligible for Medicare (most cases up to a 5 year wait before becoming eligible for Medicare benefits). Bridging this gap is The Bridge Plan. Click here for an alternative plan option called Inbound Immigrant.
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