Is AllPharm Employee Benefits categorized as insurance?
AllPharm Employee Benefits is not in and of itself insurance. The plan however, purchases insurance direct from the world insurance market under one policy guaranteeing all of the eligible medical benefits from the first eligible dollar to the limits set forth in the Summary Plan Description. The benefits under AllPharm Employee Benefits are guaranteed in full from the first eligible dollar to the limits of the plan by qualified A rated underwriters at Lloyds London.
