Filling the Private Health Insurance Gaps with Supplemental Critical Illness Health Insurance

Allstate, Aflac Insurance

The vast majority of primary health insurance does not cover everything. Whether you make co-pays for prescriptions, pay out-of-pocket for vision and dental expenses, you still have to come up with the cash for services not covered by your insurance plan, it can quickly add up and, soon, your financial resources are quickly depleted.

Supplemental health insurance is designed to help defray these kinds of expenses that aren't usually covered by major medical insurance plans. It provides you with a cash benefit resource and coverage where traditional insurance plans stop.  With Supplemental Insurance you have the "Peace of Mind" that you and your family will be prepared to cope with the challenges associated with the many uncertainties that may arise in the future.

A variety of supplemental health insurance plans are available so that you can customize your healthcare coverage and bridge the gaps between your actual medical bills and the amount your insurance covers.

Why You Might Need

Not everyone needs supplemental insurance. If you’re a healthy individual whose primary health insurance plan covers all or most health-related bills and who already has disability coverage, you may not benefit from buying supplemental insurance.

On the other hand, if your primary insurance requires you to pay high yearly deductibles, make expensive co-pays, or places low caps on the amount it covers for certain services and products, you should consider supplemental health insurance.

Hit with a catastrophic event leaves us with doctor and hospital out of pocket expenses that varies from medical plan to medical plan. It's at this stage that your 'financial' health plan is in place and goes to work for you. E.g. savings, assets, retirement account, and/or supplemental insurance protecting us from financial hardship that goes along with sickness and injuries, and gives us the ability to focus on getting well. Supplemental insurance offers direct-to-the-policyholder cash payout for annual wellness exams, lump sum benefits for diseases, in-hospitable stays, physician visits and follow up care, ambulance services, and more.

You may want to look into purchasing supplemental insurance if:

• You lack disability coverage, which would pay your bills and lost wages if you were to be injured off the job or became chronically ill.
• You are at a high risk for developing cancer, heart disease or other serious illnesses that would require expensive medical treatment.
• You belong to an HMO or other managed plan that won’t cover out-of-network services or certain procedures, such as experimental treatments.
• You don’t have an emergency fund that would cover at least three months of living costs.
• You want to protect the savings and assets you have.

What You Get

Cash benefits paid directly to you unless your benefits are assigned to someone else

• Benefits paid regardless of your other coverage
• Competitively priced coverage you can choose to match your budget
• All polices are fully portable and guaranteed renewable for as long as you own the policy
• Each plan you own can include your immediate family members