Effective Date: 08/18/14 Committee Approval Obtained: 08/18/14 Section: Transportation. These policies serve as a guide to assist you in accurate claims submissions and to outline the. basis for reimbursement by Anthem Blue Cross and Blue Shield Medicaid (Anthem) if the. service is covered by a memberâs benefit plan. The determination that a service, procedure, item, etc. is covered under a member's benefit plan is not a determination that you will be. reimbursed.
Guaranteed Future Insurability allows you to increase your current level of cover, if you experience a personal event, without having to go through the medical application process again. This is applicable only once your policy is in force and will generally only be available once in every 12 month period.uaranteed Future Insurability allows you to increase your current level of cover, if you experience a personal event, without having to go through the medical application process again. This is applicable only once your policy is in force and will generally only be available once in every 12 month period.
However, GAP insurance guarantees that you donât have to pay out of pocket even if your insurer doesnât pay for everything. Guaranteed Asset Protection (GAP) insurance basically bridges the gap between your insurerâs payout and the deficit needed to fully cover your losses. For example, consider a new car worth $30,000. It will start depreciating immediately after leaving the dealership, and after about one year it may be worth $25,000. In case of an accident, the insurer will pay $25,000 â the remaining $5,000 will be paid for by the GAP insurance. The benefits on GAP insurance are invaluable. Get in touch with us today in Phoenix to learn more.