Golden Rule Insurance Company claims, contact, financial details

Services offered by golden rule insurance company

• Types of insurance offered: Golden Rule Insurance Company offers a wide selection of health insurance products for individuals and families, including short-term health insurance, health savings accounts (HSAs), and dental and vision insurance. They also offer accidental, disability, life, critical illness, and hospital indemnity insurance.
• Special packages or bundled services: Golden Rule Insurance Company does not offer any special packages or bundled services, but they do allow customers to customize their plans and choose the coverage that suits their needs and budget. They also offer discounts for multiple policies, such as dental and vision, or short-term and accident.
• International coverage: Golden Rule Insurance Company does not offer international coverage, but they do have a partnership with UnitedHealthcare Global, which provides global health care solutions for travelers, expatriates, and employers. Customers can access UnitedHealthcare Global’s services through their website or phone number.
• Temporary or short-term policies: Golden Rule Insurance Company offers temporary or short-term health insurance policies for people who need coverage for a limited period of time, such as between jobs, waiting for employer coverage, or during a life transition. These policies can last from 30 days to 12 months, depending on the state, and can be renewed up to 36 months in some states. They also offer short-term dental insurance for people who need dental care while waiting for a permanent plan.

Golden Rule Insurance Company financial details

Golden Rule’s premium costs vary based on factors like plan type, coverage, deductible, coinsurance, age, gender, and location. An example lists a $20.10 base monthly premium for a short-term medical plan for a 24-year-old non-smoking female with a $12,500 deductible and 60/40 coinsurance in ZIP code 46259. Actual premiums depend on individual health and criteria.

Golden Rule Insurance Company offers various payment methods for customers, ensuring flexibility and convenience. Options include online, automatic, phone, mail, and in-person payments. Customers can select payment frequencies, such as monthly, quarterly, semi-annually, or annually, and can make changes by contacting customer service or through their online account.

The company extends several discounts and promotional offers to assist customers in reducing their insurance premiums. These include the following:

• Safe driver discount: Eligible customers with a clean driving record may qualify for a safe driver discount.
• Multi-car discount: Insuring more than one vehicle with Golden Rule Insurance Company can result in savings through a multi-car discount.
• Good student discount: Students maintaining good grades may be eligible for discounts on their car insurance.
• Defensive driving course discount: Customers who complete an approved defensive driving course can receive discounts on their insurance policies.
• Anti-theft device discount: Installing an anti-theft device in their vehicles can make customers eligible for insurance discounts.
• Bundle discount: Bundling car insurance with other policies, such as home or life insurance, offers opportunities to save money on insurance premiums.

Golden Rule’s 2020-2021 claim ratio: 93.49% per 100 rupees, indicating efficient claim payout capacity in health insurance.

Company’s claims

• Claim process: To file a claim with Golden Rule Insurance Company, you need to follow these steps:
  • Contact the company’s customer service department at 1-800-657-8205 to start the claim process and get guidance on the specific requirements.
  • Provide proof of the insured person’s death, such as a death certificate, along with any other required documents specified by the company.
  • Submit the claim form and the supporting documents to the company by mail or fax.
  • Wait for the company to review and process your claim. They may also conduct an investigation to verify the circumstances surrounding the insured person’s death.
  • Receive the death benefit payment from the company if your claim is approved.
• Claim status: To check your claim status, you can visit the company’s website and log in to your account. You can also call 1-800-657-8205 for claims assistance.
• Required documents for claims: The required documents for claims may vary depending on the type and amount of the claim. However, some common documents that you may need to provide are:
  • The death certificate of the insured person
  • The original policy documents
  • Any additional evidence requested by the company, such as medical records, police reports, etc.
• Average claim approval time: The average claim approval time for Golden Rule Insurance Company is not publicly available, as it may depend on several factors, such as the complexity of the claim, the completeness of the documentation, and the results of the investigation. However, according to some customer reviews, the company may take longer than expected to process and pay claims, and some claims may be denied or delayed due to pre-existing conditions or other reasons.
• Customer reviews of Golden Rule Insurance Company’s claims service are mixed. J.D. Power’s 2020 U.S. Individual Health Insurance Satisfaction Study rated the company as average for overall customer satisfaction. However, according to Consumer Affairs, negative reviews have been reported concerning customer service and claims processing. Customers have expressed frustration with unresponsiveness, rudeness, and unhelpfulness when filing or checking claims. Some have also experienced claim denials or delays without clear explanations.

Golden Rule Insurance Company coverage details

Policy exclusions for Golden Rule Insurance Company’s health insurance plans encompass various conditions and services that are not covered or receive reduced benefits. These exclusions are:

• Pre-existing conditions: Conditions for which treatment was recommended or received within a specified period before coverage begins.
• Experimental or investigational procedures: Unproven treatments not meeting medical standards.
• Cosmetic surgery: Aesthetic procedures unless medically necessary due to functional impairment.
• Routine eye and hearing care: Non-essential services for non-illness or injury-related needs.
• Dental care: Dental treatments, except for jaw or mouth-related illness or injury.
• Infertility treatment: Fertility-enhancing services like in vitro fertilization.
• Maternity care: Pregnancy, childbirth, or abortion, unless medically necessary.
• Mental health and substance abuse: Excluding medically necessary treatment.
• Preventive care: Non-covered services for illness or injury prevention.
• Weight loss: Services related to weight loss or obesity, unless medically necessary.

Coverage limits for Golden Rule Insurance Company’s health insurance plans include:

• Annual limit: Maximum benefits paid in a calendar year, which may vary by plan and state.
• Lifetime limit: Maximum benefits paid over the insured’s lifetime, varying by plan and state.
• Benefit period limit: Maximum benefits for specific periods, such as hospitalization or surgeries.
• Service-specific limit: Maximum benefits for certain services, like home health care or physical therapy.

Deductibles vary by plan and state, with the amount paid before insurance coverage begins. For example, a short-term medical insurance plan in Indiana with a $12,500 deductible and 60/40 coinsurance costs $20.10 per month.

Golden Rule Insurance Company offers add-ons or riders to enhance health insurance coverage:

• Dental insurance: Coverage for dental services, including exams, cleanings, fillings, crowns, and implants.
• Vision insurance: Coverage for vision services, including exams, eyeglasses, and contact lenses.
• Critical illness insurance: Pays a lump-sum benefit upon diagnosis of critical illnesses like cancer, heart attack, or stroke.
• Accident insurance: Provides benefits for injuries sustained in covered accidents, varying by type and severity.
• Supplemental indemnity insurance: Offers daily benefits for hospitalization or specific outpatient services, such as surgery or chemotherapy, depending on the type and duration of the service.

Golden Rule Insurance Company FAQ’S

Discovering Short Term Health Insurance:

Short term health insurance offers quick, adaptable coverage for temporary needs. Explore short-term plans and apply today.

How Soon Can I Get Covered? In many cases, you can get covered as early as the next day after you apply.

Do I Need to Purchase Short Term or Temporary Health Insurance During a Specific Enrollment Period?

No, you have the flexibility to apply for Short Term or Temporary health insurance at any time. This is distinct from Affordable Care Act (ACA) coverage, commonly referred to as Obamacare, which is only available during Open Enrollment or a qualified Special Enrollment period.