BELLEVUE, Washington–(BUSINESS WIRE)–Symetra Life Insurance Company continues to expand its voluntary benefit solutions by partnering with insurtech Brella to offer Symetra Health, a new supplemental health insurance plan. Symetra Health covers over 13,000 conditions in one plan to help ease the burden of out-of-pocket medical expenses. With data-driven personalized technology and dedicated member support, Symetra Health will empower employees to get the most out of their benefits.
“Symetra Health offers a one-stop solution that combines the value of additional health benefits with the convenience of user-friendly technology,” said Todd Zen, vice president and head of voluntary benefits. “With Symetra Health, employers can give employees peace of mind in the face of unexpected health challenges with comprehensive coverage that’s easy for employers to implement and easy for employees to use.”
Symetra health benefits are based solely on ICD-10 diagnosis codes. Three categories of coverage are available — moderate, severe and catastrophic — covering conditions from concussions and dehydration to chronic tonsillitis and heart attacks. Approved benefits are usually paid within 72 hours of an approved claim via PayPal, Venmo or online banking. There are no pre-existing condition restrictions or medical insurance requirements, and each plan is supported with a streamlined onboarding process and dedicated customer service.
“We are excited to join forces with Symetra to make health challenges less of a financial burden for employees today. This partnership will help thousands of Americans receive benefits that ease the financial stress that comes with unexpected out-of-pocket medical expenses,” said Mike Zarillo, Chief Revenue Officer at Brella.
Symetra Health is the latest addition to Symetra’s suite of employer solutions. In June 2022, the company announced new partnerships with Nayya, a leading benefits experience platform, and Selerix, a leading benefits administration provider. Symetra Health is currently only available in certain states. For more information, please contact your Symetra Benefits representative.
Symetra offers group life and disability insurance, absence management and stop loss. Its suite of voluntary products includes Critical Illness, Accident and Hospital Benefit Insurance as well as GapAssist, a package of Accident, Critical Illness and Hospital Benefit designed to complement any other plan, including basic medical cover combined with a health savings account ( HSA).
Symetra Life Insurance Company is a subsidiary of Symetra Financial Corporation, a diversified financial services company based in Bellevue, Washington. In business since 1957, Symetra provides employee benefits, annuities and life insurance through a national network of income consultants, financial institutions and independent financial professionals and insurance producers. For more information, visit www.symetra.com.
About Brella Insurance Inc.
Founded in 2019, Brella Insurance Inc. (“Brella”) is an insurance technology company with a mission to build a world where health difficulties do not create financial difficulties. Their new type of supplemental health insurance plan covers over 13,000 conditions and pays cash benefits upon diagnosis of a covered condition with no accident or hospitalization requirements. Brella is offered in partnership with established insurance carriers that insure tens of millions of Americans and their families. For more information, visit www.brellainsurance.com/partner/symetra.
Symetra Health is insured by Symetra Life Insurance Company, 777 108th Avenue NE, Suite 1200, Bellevue, WA 98004. Products, features, terms and conditions may vary by state. It is designed to provide benefits at a pre-selected, fixed dollar amount for covered diagnoses. This policy provides coverage with limited benefits and is in addition to health insurance. It is not a substitute for essential medical or other comprehensive coverage and does not meet the minimum essential coverage requirements of the Affordable Care Act. The main policy form number is SBC-05540 03/22. Symetra Health is currently only available in certain states. Please contact your Symetra representative if you have any questions about product availability.
Symetra Health is powered by Brella. Brella is a third-party administrator providing administration services for registration, claims and billing. Coverage may be subject to exclusions, limitations, reductions and termination of benefit provisions. Brella is not affiliated with Symetra Life Insurance Company or any of its affiliates. ©2022 Brella Insurance Inc. Patent pending. All rights reserved.