IMG Launches PTOgo, New Travel Medical Product for Employers and Employees Traveling Abroad | State
INDIANAPOLIS, January 5, 2022 / PRNewswire / – International Medical GroupÂ® (IMGÂ®) is pleased to introduce PTOgo, a one-of-a-kind travel medical insurance offering for employers and employees that provides accident and health coverage for international travel during paid vacation. Offered as an employee benefit, PTOgo includes a customizable number of days of travel medical insurance coverage for employees, their spouses and children to take pleasure trips abroad during the year. year following the open registration period of a company.
By offering PTOgo, employers can raise their standards of duty of care by encouraging the use of paid time off while providing employees with industry-leading travel medical insurance coverage when traveling the world. Often for less than $ 5 per day, PTOgo can be offered as a voluntary benefit through payroll deduction or as an employer-paid program and can easily be integrated with third-party benefit providers. When using their day bank, travelers with PTOgo will enjoy a range of benefits, including up to $ 1 million eligible medical coverage per trip and access to a 24/7 global assistance hotline during their trip.
âBased on the research we conducted for PTOgo, we found that most U.S. employees are underinsured when traveling overseas, with many mistakenly assuming that their employer-provided health insurance will cover them in outside the country â, declared Steve paraboschi, President and CEO of IMG. âWe are excited to bring PTOgo to market to fill this gap in coverage and benefits. “
SiriusPoint Ltd. (SiriusPoint), one of the world’s leading insurers and reinsurers, is an example of a global company that will deploy PTOgo to more than 1,000 employees starting in 2022. SiriusPoint staff will have access to IMG’s coordinated care at – beyond borders and healthcare providers. , including 24/7 multilingual support and in-house medical staff to assist you in an emergency.
âWith uncertainty over the impact of COVID-19 on international travel persisting, PTOgo offers our employees some security when booking time off and travel abroad,â said Sid sankaran, President and CEO of SiriusPoint. âOur employees are our company’s most valuable asset, and their safety and well-being is paramount. PTOgo gives us a way to support our team and encourage them to enjoy their vacations, which everyone is excited to do after spending most of the last two years at home. “
IMG Chief Physician, Dr. Geoff tothill, says taking time off is one of the many ways employees can take care of their mental health. With PTOgo, employees can use their paid time off and travel internationally with the peace of mind that they will be covered in the event of an unforeseen accident, illness or emergency.
âMaking time to relax is very important for mental health, and taking a trip for leisure is a great way to do it,â said Dr Tothill. âThe coverage included in PTOgo allows people to take time for themselves, explore what the world has to offer, and not have to worry about who to call if a medical issue arises abroad. “
About International Medical GroupÂ® (IMGÂ®)
International Medical GroupÂ® (IMGÂ®), a SiriusPoint Company, is an award-winning global insurance and support services company that has served millions of members around the world since its founding in 1990. A Leader in the industry, IMG offers a full range of international medical insurance products, as well as travel insurance plans, medical management services, and 24/7 emergency and travel medical assistance. . For more information, please visit www.imglobal.com.
SiriusPoint Ltd. (SiriusPoint) is one of the world’s 20 largest insurers and reinsurers providing solutions to clients and brokers in nearly 150 countries. With offices around the world, SiriusPoint writes a global portfolio of accidents and health, specialties, property and runoff, combining data and creative thinking to cover risks with skill and discipline. With over $ 3 billion Total capital, SiriusPoint’s operating companies have a financial strength rating of A- (Excellent) from AM Best, S&P and Fitch. For more information, please visit www.siriuspt.com.