Often, basic health insurance doesn’t cover everything you need. Supplemental health insurance fills in the gaps to provide extra protection and security for the unexpected. Let’s dive into some of the benefits of building supplemental health insurance into your package.
Benefit 1: Supplemental Health Insurance Provides Enhanced Coverage
The reality is, even great health insurance plans have gaps in the coverage you need. Strategically picking the right supplemental insurance for your personal needs will ensure you’re set. To start, consider your lifestyle, family medical history, and current diagnoses to help you figure out what may be missing from your current plan. Services or items that may not be covered include:
- Alternative therapies: Consider if you utilize therapies such as acupuncture or chiropractic care.
- Long-term care: Will you or someone in your home need long-term care services, such as assistance with activities of daily living in a nursing home or assisted living facility?
- Certain prescription drugs: Check if your regular medications are covered and available to you.
- Infertility treatments: Do you want to start a family but need any kind of fertility treatment, such as in vitro fertilization (IVF)?
- Medical equipment and supplies: Does anyone on your insurance plan utilize equipment such as hearing aids, prosthetic devices, or other durable medical equipment?
Having comprehensive coverage will ensure that any needs you have are covered.
Benefit 2: Extra Coverage Provides Financial Security
Financial security is a major benefit of supplemental health insurance. Your standard health insurance only covers so much, and when bigger medical expenses arise, an extra cushion can make a big difference. When more of your medical expenses are accounted for and covered under your plan, you can rest easier so that no surprises pop up.
Benefit 3: Access to Additional Medical Services
Not all healthcare plans provide coverage for services like dental, vision, or critical illness coverage. Adding supplemental insurance to cover these areas can save you big down the road. If you’re prone to cavities, wear glasses, or have a family history that increases your risk for critical illness such as cancer, heart attacks, stroke, or organ failure, then consider adding appropriate coverage to your plan.
If you’re considering critical illness coverage, look into options that are flexible and help with various expenses. Different plans can help cover medical expenses, lost income, or other financial obligations during treatment and recovery. They can provide additional protection by paying out a predetermined benefit upon diagnosis, regardless of your actual medical expenses.
Benefit 4: Support for Unexpected Health Events
Accidents happen and we never plan on sudden illnesses that rack up large medical bills. Supplemental insurance can help support you when these situations arise. Let’s review just a few examples of scenarios where having that extra coverage would provide extra peace of mind.
- Accidents resulting in hospitalization: Coverage for ambulance services, emergency room visits, hospital stays, and follow-up care.
- Serious illnesses or critical conditions: Cover medical expenses, lost income, mortgage payments, or other financial obligations during treatment and recovery.
- High-cost medical treatments: Cover some medical treatments, such as chemotherapy, radiation therapy, or specialty drugs.
- Extended hospital stays or rehabilitation: Coverage such as hospital indemnity insurance or convalescent care insurance can provide daily cash benefits to help cover expenses such as transportation, lodging, meals, and other incidental costs.
- Disability and income protection: Coverage such as disability insurance or income protection insurance provides a percentage of your income as replacement income, helping to cover your living expenses if you’re unable to work.
Supplemental Health Insurance with Ianniello Insurance Agency
The benefits of supplemental health insurance vary, but each of them add up to providing you peace of mind in any circumstance. Navigating our healthcare system can be a challenge, but ensuring you’re set will give you one less worry with this added security.
At Ianniello Agency, we are here to help you discover what supplemental health insurance options might be right for you. Contact us today to discuss your options or request a quote online here.
