Latitude is now available in eight US states

American Community Mutual Insurance Company has introduced Latitude, a small group product expected to allow employers to customize a health plan, with the benefits that employees want.

The plan is sold through independent insurance agents. The new PPO plan for employer groups will be available in Nebraska for a coverage from September, 2009, as reported by the company.

Neal Spero, senior vice president and chief marketing officer, said: To save on premium, Latitude allows employers to select their desired deductible, benefit percentage, office visit copay and out-of-pocket maximums to create that one-of-a-kind health plan. In addition, employers can select optional benefits to save even more. For example, by adding a hospital copay, they can save up to 17% on their base medical premium.

Latitude is expected to provide the benefits and services that include $5m medical lifetime maximum, accident benefit that waives the deductible, family security benefit, multiple custom plan options, national travel network for coast-to-coast coverage, prescription drug discount card and preventive care benefits.