Some supplemental insurance plans will pay for out-of-pocket medical expenses, such as deductibles, copayments, and coinsurance. Other supplemental plans may provide you with a cash benefit paid out over a period of time or given to you in one lump sum. The cash can be used to cover lost wages, transportation related to your health condition, or used to pay for food, medication, and other unexpected expenses you have due to an illness or injury.

 

Critical Illness Insurance

Critical illness insurance (also known as disease-specific insurance) is meant to ease the financial burden of a serious illness, such as cancer, heart attack, stroke, etc. These policies may provide a lump-sum cash benefit to help you pay for additional costs that are related to your illness but not covered by your regular health plan or disability coverage. Depending on the specific policy, the coverage can be used to pay for:

  • deductibles
  • out-of-network specialists
  • travel and lodging when treatment is far from home
  • experimental treatment, usually related to cancer therapy
  • child care and household help
  • normal living expenses, such as your car payment, utility bills, and groceries

 Explore how little it will cost to have one:

 

Accident Health Insurance

Accident health insurance (also known as an accident hospital indemnity policy) may pay for medical costs resulting from an accident that are not covered by your regular health insurance. Some of these policies may also pay for extended homecare services, travel, and lodging expenses for family members.

 

Dental Insurance 

Oral Health: A window to your overall health. Your oral health is more important than you may realize. Get the facts about how the health of your mouth, teeth and gums may affect your general health. Read more: Mayo Clinic

 

Life Insurance

You've put a lot of thought into protecting your loved ones over the years. But what have you done about protecting their financial future in the event of an untimely death of one of the family's breadwinners?

How much Life Insurance is right for me? 4 Questions to ask yourself to determine that amount:

  1. Do you have any short term financial needs?
  2. Do you have any long term debts?
  3. How much would it cost to maintain your family's current lifestyle?
  4. What is your family's total number of assets?

Now, all you have to do is subtract your total resources from your total expenses. This number is the minimum life insurance protection you should consider buying. You should ask yourself these questions once a year so you can make sure your life coverages match your current financial situation.

Contact us for a free consultation about your options.