The NPA endorsed reinsurance program provides an important option for members to protect the financial viability of their PACE programs and the overall financial health of their organization.

Bringing together Aon’s collective expertise in designing managed care at-risk solutions and access to the insurance and reinsurance markets worldwide, they have negotiated a competitive alternative to secure your PACE program’s financial well being.

Key Benefits

Competitive Pricing & Rate Stability

• Leveraged buying capacity
• Rate credits based on the overall premium size of the program, otherwise not available to member organizations in the commercial market for the elderly and chronically ill

Broad Coverage with Flexible Terms

• Broad definition of “All PACE Eligible Medical Expenses” or customized covered services reflecting unique PACE exposures
• Minimal limitations to recovery (no Average Daily Maximums)
• Lower per participant deductible options not traditionally available in the commercial Stop Loss market

Individual Policy

• Tailored policy negotiated to reflect specific deductible and covered services of the PACE member organization

Low Minimum Premiums

• Supporting start-up and low enrollment PACE programs

Expanded Claim Report Periods

• Expanded claim reporting timeframes to maximize claim recovery

Assistance with Claim Reporting

• Assistance from Aon’s experienced claim staff in claim filing and advocacy

Premium Refunds Based Upon Group Loss Experience

• Five consecutive years of refunds—over $975,000 premiums refunded to participating organizations (as of 2018)

Highly Rated Insurance Carrier

• Underwritten by PartnerRe—A.M. Best Co. rating ‘A’ (Excellent)