ACE USA’s ACE Medical Risk Division better reimbursement limits for legal expenses incurred owing to an action by a federal or state agency arising from a podiatrist’s participation in the Medicare Plans or Medicaid programs. This new podiatrist professional liability coverage endorsement helps alleviate and manage rising legal expenses by raising the coverage limits from $30,000 to $50,000 per action, with an annual aggregate of $50,000. This product is underwritten by companies within the ACE Group and is offered to podiatrists exclusively by RPS Healthcare, National Program Administrator of the Podiatry PLUS program.
The Patient Protection and Affordable Care Act and Centers for Medicare supplement & Medicaid guidelines and rules have had an incredible impact on the compliance programs of Medicare and Medicaid healthcare providers, and have led to an increase in investigations and enforcement actions, according to Caroline Clouser, executive vice president, ACE Medical Risk.
RPS Healthcare is part of Risk Placement Services Inc., a wholesaler and managing general agent. It is completely owned by Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm headquartered in Itasca, Ill.
ACE Medical Risk’s liability offerings comprise primary and excess medical professional liability for hospitals, and miscellaneous healthcare facilities, and managed care blunders and omissions coverage. In addition, ACE Medical Liability offers products liability for clinical trials, biotechnology, and specialty pharmaceutical companies, as well as a comprehensive package policy that includes property, auto and crime coverage.
For more information please visit us @ www.medigap4seniors.com, or call us at 888-502-5553 to speak with one of our Medicare experts.