John Alden Insurance Company is one of America’s leading sellers of health insurance to small businesses, and it is designed to meet the unique needs of such businesses, states GoHealth. The company’s health care plans are designed and available for companies with two to 50 employees.
The company, founded in 1961, got its name from one of the original settlers of Massachusetts Plymouth Colony. Its original base was Miami, Florida. The company’s services were available throughout the United States before it was bought by Fortis in 1998, an international company from Netherlands that provides financial services. Fortis later sold its American branch in 2004 under the name Assurant Company, which also includes Union Security Life Insurance Company and Time Insurance Company, GoHealth explains.
Currently the company’s services include individual health, small group coverage and health savings account plans, which are available in 43 states. Health savings account plans are common among small business because of low premiums and the control they offer to employees regarding health care, states GoHealth.
John Alden also offers short-term health insurance designed to keep the client covered between jobs. It also covers clients who are shopping for a permanent health care plan. Due to the plan's short life span, it is cheaper compared to long-term health insurance plans. The company enjoys an A- rating by A.M. Best, states GoHealth.