Supplemental Health Insurance

Supplemental Health Insurance

Supplemental Health Insurance can be a good option for those who may want help with medical bills after their primary insurance has finished paying. As the name suggests, supplemental insurance works in combination with other insurance. It’s not designed to stand on its own or provide basic, primary health coverage – and it’s not for everyone.

When it comes to supplemental insurance, you can get additional coverage for a number of conditions or uses. Two primary examples of Supplemental Health Insurance are:

  • Hospital Indemnity Insurance
  • Cancer Supplemental Health Insurance

Hospital Indemnity Insurance

One type of supplemental plan, hospital indemnity insurance, provides fixed cash benefits for covered services, including hospital stays for emergencies and outpatient services. While policies vary, some major attributes of the plans include:

  • Unexpected child-care expenses
  • Additional transportation expenses
  • Extra lodging and/or meal costs
  • Deductibles and co-insurance amounts
  • Coverage normally begins on the first day of the hospital stay
  • Covered hospital stays are generally payable up to a year for the same or related condition
  • Reimbursement costs are normally paid out directly to the policyholder

Supplemental Health Carriers

Supplemental Health Insurance | GTL
Supplemental Health Insurance | Medico

Supplemental Health Insurance | Cigna
Supplemental Health Insurance | Aetna
Supplemental Health Insurance | Mutual of Omaha


Cancer Supplemental Insurance Plans

Cancer Supplemental Insurance plans provide patients with additional cash once the patient is diagnosed with cancer. Cancer rates are high in the United States and affect 1 in 2 men and 1 in 3 women during their lifetimes. As a result, families faced with a recent cancer diagnosis may face out of pocket expenses unrelated to medical expenses. Examples include loss of income, additional child-care expenses, travel and lodging expenses, deductibles and co-pays. Again, while policies offerings vary by company, the following are common examples of benefits for policyholders of Cancer Supplemental Insurance Plans:

  • One lump-sum cash benefits upon the first-time diagnosis (with cash limits ie. up to $50,000)
  • Or pay on a per day basis (with limits ie. up to $300/day for the first 300 days and up to $450 for the next 200 days of hospital confinement)
  • Cash benefits are tax-free and paid directly to you
  • Policies don’t require a physical examination
  • As long as the patient has not had previous cancers issues, cancer policies can be purchased regardless of other health issues)
  • These plans may be purchased up to the age of 85

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