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Frequently Asked Questions

Who can purchase Foundation Signature Series?

Anyone with a current or pending major medical policy (primary medical policy/comprehensive plan), ages 0­ – 63. Premiums are based on age at policy issue.

If you don’t qualify, click here to view our other products.

How does it work?

We pay 100% of your out-of-pocket deductibles, copayments, and coinsurance required by your major medical policy for hospital inpatient treatment up to the calendar-year maximum benefit.

What is a FOUNDATION Signature Series calendar-year maximum benefit?

The Foundation Signature Series calendar-year maximum benefit is the maximum amount your policy pays per calendar year.

How does the calendar-year maximum benefit work?

The calendar-year maximum benefit starts Jan. 1 and ends Dec. 31. Your benefit amount starts over on Jan. 1 each year. There is no carryover from year to year for unused benefit amounts.

What are the calendar-year mximum benefit amounts?

$2,000, $2,500, $3,000, $4,000, $5,000, $6,000, $7,500, or $10,000.

How is the correct calendar-year maximum benefit selected?

The agent works with the applicant to complete the MMGAP Suitability Review Form to determine their out-of-pocket expenses. The MMGAP calendar-year maximum benefit amount must be the amount nearest, but not exceeding, the applicant¹s total out-of-pocket expenses.

Is there a limit to the number of hospital confinements?

No. The Foundation Signature Series pays your out-of-pocket deductibles, copayments, and coinsurance until you reach your calendar-year maximum benefit, as long as the expense is covered by your major medical policy.

How does the Hospital Outpatient Rider work?

We pay 50% of your out-of-pocket deductibles, copayments, and coinsurance required by your major medical policy for hospital outpatient treatment up to the calendar-year maximum benefit. Ages 0 – 63.

If I purchase the Hospital Outpatient Rider, how does that affect my calendar-year maximum benefit?

It doesn’t. The calendar-year maximum benefit you select does not change with the purchase of the Hospital Outpatient Rider. However, the total deductibles, copayments, and coinsurance covered under the Hospital Inpatient Benefit and the Hospital Outpatient Benefit combined are limited to the maximum annual benefit per calendar year.

How do I file a claim?

Send us a copy of your major medical provider’s Explanation of Benefits along with your standard hospital billing form (UB-04). You can choose to have benefits paid directly to you or assigned to your health service provider.

What life insurance options are offered with the Foundation Signature Series?

We offer a Whole Life Policy (SWL) or a 10-Year Renewable Term Life Policy (RT10). Choose a face amount from $1,000 to $20,000. Tobacco/nontobacco rates available. Available for ages 18 – 63.

A Terminal Illness Accelerated Death Benefit Rider (ABR1) will be added automatically to your choice of life policy at no additional charge. (If the policy owner is diagnosed with a terminal illness that will result in death within one year, we will pay 50% of the death benefit upon receipt of due proof of terminal illness. This benefit is payable only once. Not approved in all states).

Optional riders include the Child Term Life Rider (U4272) that is available with the purchase of an adult whole life or term life policy. Choose $5,000 or $10,000 of coverage for children ages 0 – 23. The Optional Deposit Fund Rider (DFR) is available only on the 10-Year Renewable Term Life Policy. Earn a guaranteed minimum 3% interest on deposits made with premium payments. Minimum deposit amount is $5. Maximum account balance is limited to two times the policy face amount.

Why should I buy from United American Insurance Company?

We have been in the supplemental health and life insurance business since 1947. For more than 30 consecutive years, we have earned an A+ (Superior) Financial Strength Rating from A.M. Best Company (rating as of 6/08). We are also rated AA- “Very Strong” for Financial Strength by Standard & Poor’s (as of 11/07).

What if I'm not satisfied with my purchase?

If you are not satisfied with this policy for any reason, return it to our administrative offices or to your Agent within 30 days after you receive it. Any premium paid will be refunded.

What are the limitations and exclusions?

Preexisting Conditions not covered by the policy for the first 12 months after the policy effective date.

We will not pay benefits under this policy for:

  1. Services not covered under the Primary Medical Policy; or
  2. Expenses in excess of benefit limits or maximums in the Primary Medical Policy; or
  3. Normal pregnancy (including childbirth, false labor, occasional spotting, physician-prescribed rest, morning sickness, hyper emesis gravid arum, preeclampsia, and similar conditions associated with a difficult pregnancy, which do not constitute a distinct complication of pregnancy), or voluntary termination of pregnancy; or
  4. Usual and customary routine nursery care, or well-baby care immunizations; or any other usual and customary routine care and treatment following full-term or premature birth, not incident and necessary to the treatment of Injury or Sickness; or
  5. Convalescent, skilled nursing, educational care or for nervous or mental disorders, unless covered by Your Primary Medical Policy; or
  6. Dental treatment, hearing aids, or eye refractive exams, refractive surgery, or refractive treatment; or
  7. Any Inpatient Hospital Stay or other service for which You or a Family Member do not incur a charge; or
  8. Any loss covered by any Workmen’s Compensation or Employers’ Liability Law; or
  9. Any Inpatient Hospital Stay or other service that is not medically necessary, or is cosmetic in nature; or
  10. Any expense incurred in excess of the usual, customary, and regular charges for any service or materials in the geographic area where furnished; or
  11. Charges incurred for professional, radiological, pathological, or EKG interpretations, unless covered by Your Primary Medical Policy; or
  12. Rehabilitative care services received at a facility not meeting the definition of a Hospital, unless covered by Your Primary Medical Policy; or
  13. Treatment or services incurred outside of the U.S. boundaries; or
  14. Infertility or sterilization treatment procedures, unless covered by your Primary Medical Policy.
Limitations and exclusions may vary by state.