Supplemental Plans

Supplemental insurance policies are also not considered health insurance. If you already have health insurance, these plans serve as a complement and can help you pay out-of-pocket medical expenses, such as copayments and deductibles, in the event of a serious illness or accident. Simply put, they translate into cash, which is paid directly to the beneficiary.

By paying a monthly premium that in most cases equals $1 per day or less, these plans can be very convenient when something unexpected happens. By obtaining coverage from a supplemental Accident or Hospitalization plan, the company will pay you from the moment you unexpectedly require admission to an emergency room — and if applicable, the transport to it — and for any day you need to remain under medical observation. This will help cover any necessary expenses while you are going through this medical situation.

Learn more about these coverages, their benefits and exclusions — contact us.