The cost of healthcare is rising all the time. Co-pays and deductible amounts can add up, and even with full health coverage, you may find that your medical bills cause more stress than your health challenges. Supplemental health insurance is one way to help reduce the extra costs associated with serious illnesses.
The best supplemental insurance policy is a plan that complements your current coverage and works when you need it the most. Your employer may offer supplemental health coverage, or you can buy it privately. Either way, it pays to explore your options. Find a local member agent in the Trusted Choice® network who can help you compare supplemental health insurance companies and find the right coverage for your needs.
Supplemental health coverage will pay for certain costs that aren’t covered by your main form of health insurance. These are additional policies, and are not designed to completely replace your primary healthcare coverage.
Supplemental health insurance policies may come with a variety of benefits that you can customize to fit your needs. These policies also have several advantages that aren’t available with basic health insurance. Many policies have no waiting periods or deductibles, and cash benefits are typically paid directly to you. Additionally, supplemental benefits aren’t contingent on other plans, so you’ll receive benefits no matter what.
Supplemental health care coverage can be used to cover a range of medical expenses, such as medications or hospital stays. Depending upon the type of supplemental coverage, the plan may cover deductibles, copayments, coinsurance and medications.
Some supplemental health plans will cover expenses like transportation, food, child care and other unexpected costs you may have during a hospital stay, a lengthy illness or recovery from an accident. Some plans even include income replacement if you’re out of work for an extended period of time. One draw for senior citizens is the chance to pay for long term care using supplemental health insurance.
Supplemental health plans have many different coverage options. Some are basic while others are very inclusive. A Trusted Choice member agent who specializes in health insurance can help to customize a policy for your family and make sure you’re selecting the insurance you really need.
There are various forms of supplemental health insurance. These are some of the most common.
Not everyone needs supplemental health insurance. While many policies are affordable, you certainly don't want to pay for duplicate coverage. Check your regular health insurance policy and look for any gaps in coverage. A supplemental health insurance plan may not be worth the extra money unless you will potentially face financial strain from healthcare costs.
On the other hand, if you find one or more gaping holes in your coverage, supplemental health insurance may save you money in the long run. If you have a dangerous job or pastime, or have a family history of critical illness that could result in high care costs that wouldn’t be covered, supplemental health insurance can provide you with peace of mind.
Common sense and a helping hand can go a long way when determining your healthcare needs. It can be frustrating to find the right supplemental health insurance company even though you know what your budget is and what your gaps are. When you work with a Trusted Choice member agent, you can get help sorting through your coverage options and finding the best policy for your needs and budget.
Contact a local independent agent in the Trusted Choice network for personalized assistance with all your supplementary health insurance needs.