ACE Introduces New Employee Benefit Solution
‘GAP Supplement’ Designed to Help Fill Coverage Gaps in Underlying Major Medical Plans

PHILADELPHIA--(BUSINESS WIRE)--ACE Group today announced the launch ofGAP Supplement, a new employee benefit solution that provides employers with a cost effective way to supplement their underlying major medical plans. The coverage provides employees with another level of financial protection toward mitigating the burden of out-of-pocket expenses.

ACE’s GAP Supplement product is an important addition to ACE Accident & Health’s (A&H) comprehensive line of Supplemental Health and Voluntary Benefits products. Ranging from ACE’s Hospital Buffer Plan, which helps employees manage the financial impact of a hospitalization, to Voluntary Accidental Death & Dismemberment (AD&D) Insurance, which provides high-limit 24 hour accident protection for employees and their families, ACE’s broad suite of products offers employers a number of solutions to manage their employee benefit plans.

“In today’s changing health insurance market, employers need a new way to manage their employee benefit plans, which is why we are introducing GAP Supplement,” said Jaede Barg, Senior Vice President, A&H, ACE USA. “Many employers have been forced to make hard decisions about their employee benefit plans — changes that can shift a greater financial burden to employees. Few medical insurance plans pay 100 percent of the expenses for hospital and medical care. Even qualified health plans may require an individual to cover co-pays, deductibles, co-insurance and other out-of-pocket expenses — which can add up to thousands of dollars a year. ACE’s GAP Supplement is designed to help mitigate those expenses.”

“ACE’s GAP Supplement product is just another example of how ACE is helping to address employer concerns as they work with their broker partners and benefits consultants to obtain the most flexible, affordable ancillary coverage and solutions,” said Joe Vasquez, Division President, A&H ACE USA.

ACE’s GAP Supplement coverage complements an employer’s medical plan by reimbursing employees for covered out-of-pocket expenses for which they are responsible*:

  • Hospital Benefit reimburses deductibles, coinsurance and other eligible out-of-pocket expenses for covered benefits incurred during inpatient hospitalization.
  • Optional Outpatient Benefit reimburses eligible out-of-pocket expenses incurred for hospital emergency room visits (not admitted) and use of outpatient surgical, diagnostic testing and other similar facilities licensed to provide outpatient treatment.
  • Optional Ambulance Benefit reimburses eligible out-of-pocket expenses incurred for transportation provided by a licensed ambulance company to the nearest hospital.

Coverage is available only to employer groups that have a major medical plan available for their employees. Coverage is also available to dependents of employees covered under the major medical plan. ACE offers flexible eligibility rules in order to coordinate with the eligibility rules of the underlying major medical plan.

ACE’s Supplemental Health and Voluntary Benefits product portfolio is designed for flexibility, offering a variety of options to allow employers to tailor an insurance plan to meet their own financial and insurance coverage needs. For more information please contact

*Reimbursable out-of-pocket expenses must also be eligible under the underlying major medical plan. Additional exclusions are applicable; see policy for details.

ACE’s Accident & Health division is part of ACE USA, the U.S.-based operating division of ACE Group, which is one of the world’s largest multiline property and casualty insurers. With operations in 54 countries, ACE provides commercial and personal property and casualty insurance, personal accident supplemental health insurance, reinsurance and life insurance to a diverse group of clients. Headed by ACE Limited, the parent company of ACE Group, which is listed on the New York Stock Exchange (NYSE: ACE) and is a component of the S&P 500 stock index. Additional information can be found at or follow ACE on Twitter at

Insurance is provided by ACE American Insurance Company, Philadelphia, Pennsylvania, or, in some states, other insurers within ACE Group. Product highlights are summaries only. Please see the actual policy for terms and conditions. Products may not be available in all locations, and remain subject to ACE Group’s underwriting criteria.


ACE North America Communications
Carla Ferrara, 215-640-4744