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Why you need supplemental insurance?

If you think that your health insurance is enough to cover all your medical expenses, you might be in for a rude awakening. Health insurance can help you pay for some of the costs of your health care, but it may not cover everything. You may still have to pay for deductibles, copays, coinsurance, and other out-of-pocket expenses that can add up quickly. And what if you are unable to work due to a serious illness or injury? How will you pay for your living expenses, such as your mortgage, your utilities, your groceries, and your childcare?

That’s where supplemental insurance comes in.

Supplemental insurance is a type of insurance that pays you cash benefits when you get sick or injured. It can help you cover the expenses that your health insurance may not cover, and provide you with income protection if you are unable to work. Supplemental insurance can give you peace of mind and financial security in case of an unexpected health crisis.

What are the types of supplemental insurance?

There are different types that you can choose from, depending on your needs and preferences. Some of the most common ones are:

1- Accident insurance:

This type of insurance pays you a lump sum or a periodic payment when you suffer a covered accident, such as a car crash, a fall, a burn, or a fracture. You can use the money for any purpose you choose, such as paying your medical bills, your transportation, or your recovery.

2-Critical illness insurance:

This type of insurance pays you a lump sum or a periodic payment when you are diagnosed with a covered critical illness, such as a heart attack, a stroke, a cancer, or a kidney failure. You can use the money for any purpose you choose, such as paying your medical bills, your alternative treatments, or your lifestyle changes.

3-Disability insurance:

This type of insurance pays you a percentage of your income when you are unable to work due to a covered disability, such as a back injury, a mental illness, or a chronic condition. You can use the money to replace your lost income and pay for your living expenses.

4-Hospital indemnity insurance:

This type of insurance pays you a fixed amount per day or per stay when you are hospitalized for a covered reason, such as a surgery, a childbirth, or a pneumonia. You can use the money to pay for your hospital bills, your deductibles, your copays, or your coinsurance.

5-Cancer insurance:

This type of insurance pays you a lump sum or a periodic payment when you are diagnosed with a covered cancer, such as a breast cancer, a lung cancer, or a skin cancer. You can use the money for any purpose you choose, such as paying your medical bills, your experimental treatments, or your travel expenses.

How much does it cost?

The cost of supplemental insurance depends on several factors, such as your age, your health, your occupation, your coverage amount, and your policy type. Generally, supplemental insurance is more affordable than health insurance, because it has lower premiums and fewer restrictions. You can usually buy supplemental insurance without a medical exam or a waiting period, and you can keep it even if you change your job or your health insurance.

The best way to find out how much supplemental insurance costs is to contact us for a free quote. You’ll get free and personalized quotes from multiple insurers.

What are the benefits?

It can provide you with many benefits, such as:

  • Cash benefits: Supplemental insurance pays you cash benefits that you can use for any purpose you choose. You can use the money to pay for your medical bills, your living expenses, or your personal needs. You can also use the money to save, invest, or donate as you wish.
  • Income protection: Supplemental insurance can provide you with income protection if you are unable to work due to a serious illness or injury. You can use the money to replace your lost income and maintain your standard of living. You can also use the money to pay for your retirement, your education, or your debt.
  • Peace of mind: Supplemental insurance can give you peace of mind and financial security in case of an unexpected health crisis. You can avoid the stress and worry of how to pay for your medical expenses and your living expenses. You can also focus on your recovery and your well-being.

How to get supplemental insurance?

Getting supplemental insurance is easy and convenient. You can follow these simple steps to get supplemental insurance:

  • Determine your needs and preferences: You need to decide what type of supplemental insurance you want, how much coverage you need, and how long you want to keep it.
  • Compare quotes from different providers: You need to compare quotes from different providers to find the best deal for your supplemental insurance.
  • Apply for the policy: You need to apply for the policy that suits your needs and preferences. You can usually apply online or over the phone, and you may not need a medical exam or a waiting period.

Conclusion

Supplemental insurance is a type of insurance that pays you cash benefits when you get sick or injured. It can help you cover the expenses that your health insurance may not cover, and provide you with income protection if you are unable to work. It can give you peace of mind and financial security in case of an unexpected health crisis. You can choose from different types of supplemental insurance, such as accident insurance, critical illness insurance, disability insurance, hospital indemnity insurance, and cancer insurance. To get supplemental insurance contact us today!