The landscape of healthcare is rapidly changing, driven by significant demographic shifts. It’s a well-known fact that approximately 10,000 baby boomers are turning 65 every single day, a trend projected to continue until 2030. This aging population is fueling an unprecedented demand for home health care services, making robust Home Health Care Insurance Programs more critical than ever. We aren’t just planning for the immediate needs of today; we’re helping you prepare for the long-term future of care.
The global home healthcare market is experiencing substantial growth, projected to reach a staggering $517 billion by 2027, with an anticipated annual growth rate of 8%. As in-home nursing programs expand to meet this demand, the reality is that Americans are living longer. By 2030, projections indicate that individuals aged 65 and older will exceed 70 million in the U.S., signifying a pivotal demographic shift where seniors will outnumber children. This evolving demographic underscores the increasing importance of specialized insurance solutions tailored to the home health care sector.
For over four decades, Amwins Program Underwriters has been at the forefront of providing specialized insurance solutions. Our dedicated Home Health Care insurance program is specifically designed to meet the unique needs of a diverse range of organizations within this sector, including medical suppliers, equipment providers, drug distributors, Visiting Nurse Associations (VNAs), and various other agencies. Access to this comprehensive program is readily available through independent agents and brokers, ensuring tailored support for your clients.
Imagine the level of mastery achieved through 40 years of dedicated practice. By partnering with Amwins, you gain more than just industry-specific expertise and data-driven insights. You secure a committed extension of your own team, working alongside you to navigate the complexities of home health care insurance programs and provide unparalleled service.
Who We Cover: Eligible Home Health Care Accounts
Our home health care insurance programs are designed to accommodate a broad spectrum of providers within the industry. Eligible accounts include, but are not limited to:
- Home Health Care Agencies / Providers: Organizations delivering a range of health care services in patients’ homes.
- Visiting Nurse Associations (VNAs): Nonprofit community health organizations providing home health and hospice care.
- Home Infusion Providers: Companies specializing in administering medications and therapies intravenously in patients’ homes.
- Hospice Providers: Agencies offering palliative and supportive care for individuals with terminal illnesses.
- Companion Care Providers: Services offering non-medical assistance to seniors and individuals with disabilities in their homes.
- Home Medical Equipment Suppliers (with and without retail operations): Businesses providing medical equipment for home use, including options with retail fronts.
- Unskilled / ADL Providers: Agencies offering assistance with Activities of Daily Living (ADLs) and personal care services.
- DME / HME Providers to homes and other facilities (non-invasive equipment)*: Suppliers of Durable Medical Equipment (DME) and Home Medical Equipment (HME) for homes and facilities, focusing on non-invasive equipment.
- Infusion Suites: Facilities designed for outpatient infusion therapy.
- Drug Distributors: Companies distributing pharmaceuticals to home health care providers.
- Equipment Distributors: Businesses distributing medical equipment to the home health care sector.
- Small Staffing Providers (under $50K in premium, not eligible in AZ, FL, IL, or NM): Staffing agencies with premiums under $50,000, with noted state restrictions.
- Note on Staffing Restrictions:
- No long-term care staffing to large chains.
- No physician or nurse practitioner staffing to hospitals or nursing homes.
- No hospital staffing of emergency, labor & delivery, or surgical departments.
- Staffing risks in eligible states with 25% or less staffing to hospitals (subject to terms above will be considered).
- Copies of staffing contracts are required with the submission in addition to a list of all staffed facilities.
- Note on Staffing Restrictions:
Accounts We Do Not Cover: Ineligible Risks
While our home health care insurance programs are extensive, certain types of accounts are outside our current underwriting scope. Ineligible accounts include:
- Nursing Homes
- Correctional Health Care Facilities
- Locum Tenens Agencies
- Mail Order Pharmacies
- Automobile Installation / Alteration Companies
- Businesses involved in the Repair of other’s used DME for resale
- Manufacturers of medical equipment or supplies
- Wholesale Compounding Risks
- Social Services Agencies
- Correctional Care Staffing
Comprehensive Coverage Options
Our home health care insurance programs offer a wide range of coverage options to protect your clients’ businesses comprehensively:
- Professional Liability Insurance: Protection against claims arising from professional negligence or errors in service.
- General Liability Insurance: Coverage for common business risks such as bodily injury and property damage (occurrence and claims-made options available in most states).
- Employee Benefits Liability: Coverage for errors or omissions in the administration of employee benefits programs (when Professional Liability and General Liability are written together).
- Package Policy Coverage for Independent Contractors (I.C.’s): Extends coverage to Independent Contractors while they are working within the scope of their duties for the named insured.
- Broad Bodily Injury Definition on CGL: The Bodily Injury definition includes mental anguish and mental injury on the Commercial General Liability policy.
- Non-Owned & Hired Auto Liability: Coverage for liability arising from the use of non-owned or hired vehicles (owned/commercial auto is not eligible under this program).
- Crime or Fidelity Bond (Admitted): Protection against financial losses due to employee dishonesty.
- Sexual Abuse Coverage: Included within the definition of “Professional Services Wrongful Act” in the policy form, providing crucial protection in sensitive situations.
- Defense Costs Outside Policy Limits: Generally, defense costs are provided outside the policy limits on package policies, offering enhanced financial protection.
- Property Insurance (Admitted): Coverage for physical damage to business property.
- Excess/Umbrella Liability Insurance: Provides additional layers of liability coverage beyond the limits of the primary policies (when Professional Liability and General Liability are written together).
- Worldwide Coverage: Coverage extends worldwide, provided the claim must be filed in the U.S.
- Workers’ Compensation: Available through the AmeriComp healthcare program, offering a complete solution for employee injury coverage.
Submission Requirements to Get Started
To obtain a quote or apply for our home health care insurance programs, please ensure you provide the following documentation:
- Completed Home Health Care application (for new business or renewal).
- 5-year current valued loss runs to assess prior claims history.
- Brochures outlining the services and operations of the applicant agency.
Please send completed applications and supporting documents to: [email protected].
We are ready to assist you in navigating the complexities of home health care insurance programs and securing the right coverage for your clients in this vital and growing sector. Partner with Amwins and leverage our decades of expertise to ensure comprehensive protection and peace of mind.
