ACE Limited : ACE USA Enhances Hospice Insurance Products
04/26/2012| 04:55pm US/Eastern
Addresses Hospice Care Eligibility Recertification Requirement &
Adds Insurance Liability Coverage for Inpatient Services and Hospice
ACE USA, the U.S.-based retail operations of the ACE Group, today
announced that its ACE Medical Risk Division now offers an endorsement
for hospice care eligibility requirements. This new enhanced Hospice
Care Eligibility Recertification Endorsement serves as an amendment to
ACE's hospice facilities products. It provides professional liability
coverage to hospice physicians, addressing the unique risks they face
when re-certifying patients for hospice care.
The Hospice Care Eligibility Recertification Endorsement responds to a
change mandated by the Affordable Care Act (ACA) and implemented by the
Centers for Medicare & Medicaid Services (CMS). It addresses the needs
of hospice organizations by providing coverage for hospice physicians as
they determine each patient's continued eligibility for hospice care
through a face-to-face encounter, and attest to those visits as required
by the ACA.
In addition, ACE Medical Risk has introduced the Liability Arising Out
of Hospitals or Other Enterprises amendment. This is an expansion of
ACE's hospice facilities products, and is designed for owners and
managers of residential hospice facilities, or for hospices that utilize
beds in hospitals or nursing homes to deliver hospice care.
"With an aging population, demand for hospice care will grow and an
increasing number of clients will use the Medicare benefit to pay for
these services," said Caroline Clouser, Executive Vice President, ACE
Medical Risk. "Both the new endorsement and the new amendment fill the
gaps left by most forms of coverage by providing professional liability
insurance options for physicians who are performing direct patient care
to fulfill recertification requirements, and for hospice owners,
administrators and officers of organizations providing end-of-life care
in a dedicated inpatient unit or residential facility."
ACE Medical Risk's liability offerings include primary and excess
medical professional liability for hospitals, and miscellaneous
healthcare facilities, and managed care errors and omissions coverage.
In addition, ACE offers products liability for clinical trials,
biotechnology, and specialty pharmaceutical companies, as well as a
comprehensive package policy that includes property, auto and crime
coverages, through ACE Life Sciences. To learn more about ACE's Medical
Liability products and services, please visit
Insurance is provided by insurance companies within the ACE Group, or by
its allied distribution associates. All products may not be available in
all jurisdictions. The product information above is a summary only. The
insurance policy, when issued, will contain the actual terms and limits
of the contract.
ACE USA is the U.S.-based retail operating division of the ACE Group,
and is rated A+ (Superior) by A.M. Best Company and AA- (Very
Strong) by Standard & Poor's. ACE USA, through its underwriting
companies, provides insurance products and services throughout the U.S.
Additional information on ACE USA and its products and services can be
found at www.acegroup.com/us.
The ACE Group is a global leader in insurance and reinsurance serving a
diverse group of clients. Headed by ACE Limited (NYSE:ACE), a
component of the S&P 500 stock index, the ACE Group conducts its
business on a worldwide basis with operating subsidiaries in more than
50 countries. Additional information can be found at: www.acegroup.com.
ACE North America Communications
Carla Ferrara, 215-640-4744
© Business Wire 2012