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Complications from Plastic Surgery Insurance Program
May 22, 2012 (06:05 PM EDT)
RICHMOND, Va., May 22, 2012 /PRNewswire/ -- Venture Specialty Insurance, LLC in partnership with Markel Insurance Company, announces the launch of www.INSUREmySURGERY.com, a new website offering patients a quick, easy, and effective way to purchase coverage to protect them from complications following elective plastic surgery. INSUREmySURGERY.com is the only insurance program that covers complications following elective plastic surgery offered directly to patients.
Cosmetic Surgery: Unprotected
According to the American Society of Plastic Surgeons, there were 1.6 million cosmetic surgical procedures performed by Board Certified Plastic Surgeons in 2011. Complications from these surgeries are usually not covered by traditional health insurance plans as elective cosmetic surgery is generally not covered by health insurance plans...However, when prospective patients are asked if complications as a result of the surgery (such as: hemorrhage, infection, deep vein thrombosis, cardiac arrest) were covered, nine out of ten were unaware that their health insurance plan would not pay and the patient would be responsible for the out-of-pocket expense of the hospital or ambulatory costs associated with treating the complication.
INSUREmySURGERY: How It Works
INSUREmySURGERY is a web-based system for patients who want insurance to cover the cost of treating a complication following their elective plastic surgery. In three quick steps, patients can enroll online and select a plan that suits their budget and needs. In the event of a complication, patients can download policy and claim forms directly from the website. After these forms are sent in, INSUREmySURGERY will work with the doctor and hospital, and facilitate the claim payment based on the patient's chosen plan. It's that simple.
Coverage will be governed by the terms and conditions of the issued insurance policy and covered complications must take place within 30 days of the date of elective surgery.
Where is it available?
INSUREmySURGERY is currently available in Arkansas, Colorado, Georgia, Kansas, Maine, Minnesota, Nevada, Oregon and Utah.
INSUREmySURGERY is marketed exclusively by Venture Specialty Insurance, LLC, a Richmond-based national insurance agency, and underwritten by Markel Insurance Company, a specialty insurance carrier, also based in Richmond. INSUREmySURGERY was developed by Venture Specialty Insurance. Venture Specialty Insurance is a subsidiary of The Hilb Group, LLC.
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