Knights of Columbus Health Insurance Company
The Knights of Columbus is a fraternal benefit organization originally founded in the state of Connecticut in 1882 by a Catholic priest of the name of Michael J. McGivney. The organization’s charter describes its mission as rendering financial aid to members and others in need, primarily with the goal of protecting families from financial loss in the event of the death of the main breadwinner. Since that time the organization has grown well beyond its Connecticut roots to all 50 states and more than a dozen countries around the world.
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A large part of the Knights of Columbus organization today is their insurance program. Although not an insurance company per se, the organization’s insurance operations are organized as a mutual entity offering life insurance, long-term care coverage, disability insurance, and a selection of retirement products. Their health insurance is a supplemental policy, which pays benefits for long-term care over and above what a member’s primary health insurance covers.
Knights of Columbus Insurance Locations
The Knights of Columbus organization is comprised of 15,000 councils in more than a dozen countries. In the U.S., you’ll find a council in almost every mid to large-sized city. In many cities, you may even find multiple councils depending on the number of Catholic churches in the area.
With so many councils available, it’s not hard to find one close to you. Your local counsel can answer your questions and give you guidance regarding insurance benefits. However, you must be a Knights of Columbus member in order to purchase a policy. For your convenience, we have listed address of the national headquarters below:
Knights of Columbus Headquarters
1 Columbus Plaza
New Haven, CT 06510
Phone: (203) 752-4000
Knights of Columbus Insurance Agents
Like many major insurance companies across the nation, the Knights of Columbus makes its policies available through local, independent agents. By using agents, the Knights of Columbus is better able to serve the needs of its members by allowing experts in the insurance industry handle that portion of their operations. Since the organization is fraternal rather than financial, utilizing local agents is a better way to go.
On the insurance section of their website, the Knights of Columbus offers an agent locator tool, which allows you to search by zip code or council number. We used the zip code of the typical American city and found the names, addresses, and phone numbers of one general agency and eight field agents. While the general agency was in a central part of the state, field agents covered various regions. It’s probably safe to assume that agents work the same way in other states.
Knights of Columbus Insurance: Long-Term care and Disability
The primary health insurance product offered by the Knights of Columbus is a long-term care policy designed primarily for seniors. The organization cites alarming statistics, which show that nearly 70% of all Americans who reach the age of 65 will need some sort of long-term medical care as they age. The Knights of Columbus long-term care policy helps to ease the financial burden of that care in situations where a member’s Medicare payments are not enough.
The organization’s disability insurance is available to all members and will replace lost income due to disability from accident or illness. They offer two types of policies: permanent disability and short-term disability. In both cases, policyholders can have the peace of mind knowing that they will not be without income should they ever find themselves disabled. With the government in the shaky financial position that it is, having your own disability coverage is not a bad idea.
Knights of Columbus Insurance Claims
The Knights of Columbus website is vague when it comes to details about their insurance operations. Should you have a claim, your best bet would be to contact your local agent as soon as possible. If he or she is unavailable, your policy documents should include contact information for making a claim.
Although we cannot verify it, the medical portion of their long-term care insurance probably works on the principle of patient reimbursement. Another words, you pay for care out-of-pocket and your insurance policy will reimburse you. Claims for disability and life insurance, or cashing out annuities, can be done through your local agent.