National General Reduces Financial Burden and Improves Ease of Access to COVID-19 Diagnostic Testing
March 09 2020 - 4:05PM
To help limit the spread of COVID-19, National General Holdings
Corp. (NASDAQ:NGHC) will waive 100% of customers’ out-of-pocket
costs for COVID-19 diagnostic tests and will ease access for
customers seeking diagnostic testing. This waiver will extend to
all National General Short Term Medical customers and will be made
available to employers in the National General Benefits Solutions
Program.
As part of the effort regarding COVID-19 diagnostic testing,
National General will:
- waive all member cost-sharing for COVID-19 diagnostic tests and
related services, including the associated office visit, emergency
room, or urgent care charges. The waiver applies to any
out-of-pocket costs, including deductibles, copays, and
co-insurance for diagnostic testing related to COVID-19.
- waive all prior authorization requirements as they relate to
COVID-19 diagnostic testing.
- allow early refills and up to a 90-day supply of a member’s
prescription drugs in the event of hardship related to
COVID-19.
Customers concerned about exposure to COVID-19 should contact
their healthcare provider or state health department.
National General’s customer service call center will be available
to assist if customers have any questions about COVID-19
testing-related services.
About National General Holdings Corp.National
General Holdings Corp., headquartered in New York City, is a
specialty personal lines insurance holding company. National
General traces its roots to 1939, has a financial strength rating
of A- (excellent) from A.M. Best, and provides personal and
commercial automobile, homeowners, umbrella, recreational vehicle,
motorcycle, supplemental health, and other niche insurance
products.
Forward Looking Statements
This news release contains “forward-looking statements” that are
made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. The forward-looking
statements are based on the Company’s current expectations and
beliefs concerning future developments and their potential effects
on the Company. Forward-looking statements can generally be
identified by the use of forward-looking terminology, such as
“may,” “will,” “plan,” “expect,” “project,” “intend,” “estimate,”
“anticipate” and “believe” or their variations or similar
terminology. There can be no assurance that actual developments
will be those anticipated by the Company. Actual results may differ
materially from those expressed or implied in these statements as a
result of significant risks and uncertainties, including, but not
limited to, non-receipt of expected payments from insureds or
reinsurers, changes in interest rates, a downgrade in the financial
strength ratings of our insurance subsidiaries, the effect of the
performance of financial markets on our investment portfolio, our
ability to accurately underwrite and price our products and to
maintain and establish accurate loss reserves, estimates of the
fair value of investments, development of claims and the effect on
loss reserves, large loss activity including hurricanes and
wildfires, the cost and availability of reinsurance coverage, the
effects of emerging claim and coverage issues, the effect of
unpredictable catastrophic losses, changes in the demand for our
products, our degree of success in integrating acquired businesses,
the effect of general economic conditions, state and federal
legislation, the effects of tax reform, regulations and regulatory
investigations into industry practices, risks associated with
conducting business outside the United States, developments
relating to existing agreements, disruptions to our business
relationships with third party or vendor agencies, breaches in data
security or other disruptions involving our technology, heightened
competition, changes in pricing environments, and changes in asset
valuations. The forward-looking statements contained in this news
release are made only as of the date of this release. The Company
undertakes no obligation to publicly update any forward-looking
statement except as may be required by law. Additional information
about these risks and uncertainties, as well as others that may
cause actual results to differ materially from those projected is
contained in the Company’s filings with the Securities and Exchange
Commission.
Investor ContactPaul Anderson Director of
Investor RelationsPhone: 212-380-9462Email: Paul.Anderson@NGIC.COM
Media ContactJodi SwartzChief Marketing
OfficerPhone: 314-813-5607Email: MediaRelations@NGIC.COM
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