Our Products
Able Benefit Solutions offers a variety of group and group voluntary products to meet employer’s and employee’s needs.
Group Products
The following products are paid for by the employer.
- Group Term Life
Designed to give your employees peace of mind and provide benefits to a designated beneficiary for loss of life. - Group Accidental Death and Dismemberment
A life insurance policy that provides additional benefits if an accident causes the loss of life or limb. - Dependent Life
For those employers wishing to provide additional life coverage to their employees’ dependents. - Group Long-Term Disability
Designed to provide partial income for employees who become totally disabled due to sickness or injury occurring on- or off-the-job. - Group Short-Term Disability
Designed to provide partial income replacement for a limited time to employees who become disabled as the result of sickness or an off-the-job injury.
Group Voluntary Products
Employers can choose to offer the following products to their employees through payroll deduction of premiums.
- Voluntary Group Term Life
Designed to give your employees peace of mind and provide benefits to a designated beneficiary for loss of life. - Voluntary Accidental Death and Dismemberment
Allows employees to select benefits that protect their income in the event they suffer an unexpected loss due to accidental death or bodily injury. It provides full 24-hour protection against accidents anywhere in the world. A group contract is issued to the sponsoring employer. - Voluntary Income Protection
Allows employees to select short term disability benefits that protect their ability to earn an income in the event they suffer an illness or accidental injury. If they lose the ability to earn a paycheck, Voluntary Income Protection will give them the peace of mind that they will be able to continue to provide financial stability for their family. A group contract is issued to the sponsoring employer. - Voluntary Long Term Disability
A long term disability insurance where monthly benefits help replace lost income in the event of the insured’s total disability, including maternity. A group contract is issued to the sponsoring employer.
Reinsurance Products
Able Benefit Solutions contracts with vendors to offer reinsurance or stop loss insurance to protect companies from excessive healthcare claims costs.
Medical Risk Managers (MRM)
- Over $1 billion of stop loss business underwritten since the mid-1980s
- Currently works with 11 different Blue Cross and Blue Shield Plans
- Reinsurance is provided through Companion Life, an Alabama admitted carrier
- Companion Life has earned an A.M. Best rating of A+ (Superior) and a Weiss Rating, Inc. rating of A- (Excellent)
- Will not add any additional lasers upon renewal
BCS Insurance Group
- The premier source for insurance and reinsurance for Blue Cross and Blue Shield Plans, their customers, employees, providers and agents
- Company with roots that date back more than 50 years
- Rated in the "A" (Excellent) category by the A.M. Best Company
- Licensed in all 50 states
Lloyd's of London
- A consistent supporter of Blue Cross and Blue Shield of Alabama for over 20 years
- Rated in the "A" (Excellent) category by the A.M. Best Company
- Rated in the "A" (Strong) category by the S&P Company
- Co-insurer is QBE Specialty Insurance Company
- QBE is rated in the "A" (Excellent) category by the A.M. Best Company