Hunt Valley, Maryland—September 18, 2020—The current pandemic has brought employee stress and mental well-being to the forefront. In response, ArmadaCare has fast-tracked the creation of ground-breaking, supplemental health insurance solutions to help employers better support employees’ mental health and wellness. The first product available in ArmadaCare’s product suite developed for this purpose is WellPak with Guide, which is designed to help employees cope with stress and avoid burnout. Additional WellPak product options with coverage and comprehensive behavioral support services will soon be available for January 1, 2021 effective dates.
A fully insured hospital indemnity plan at its core, WellPak with Guide combines coverage for doctor and therapy visits, prescriptions, massage therapy and acupuncture, with easy-to-access virtual behavioral health and well-being sessions.
This solution is the first to address the two main barriers for employees when it comes to mental health support: insurance coverage and access to support services.
With the realization that employee well-being and performance are strongly interconnected, more employers are looking to prioritize employee well-being and stress management. Left unchecked, heightened periods of stress and burnout can cause absenteeism (productivity lost when employees aren’t at work) and presenteeism (reduced productivity while employees are at work), ultimately affecting the bottom line. When support for employee well-being is made an organizational priority, companies can increase employee satisfaction, decrease absenteeism and presenteeism, and increase employee engagement and productivity.
Underwritten by Sirius America Insurance Company (“Sirius America”). WellPak with Guide is not available in all states.
ArmadaCare is a managing general underwriter (MGU) for Sirius Group (Nasdaq: SG), a global multi-line insurer and reinsurer. A pioneer in the supplemental health insurance industry, ArmadaCare creates and delivers a broad range of insured specialty employee benefits. Specifically designed to address limitations of primary health insurance coverage, ArmadaCare’s solutions provide the ability to offer health insurance coverage tailored to the contemporary needs of employers of all sizes and budgets. In addition to offering health insurance coverage for various types of out-of-pocket healthcare expenses, many of ArmadaCare’s products include additional health support services and convenience features, all of which are delivered with ArmadaCare’s hallmark world-class service. Learn more at www.ArmadaCare.com.