Supplement
Plans

• Supplemental Health Insurance Overview

Suppose you are diagnosed with a severe illness or are involved in an accident. In that case, traditional health insurance programs such as Medicare and Workers' Compensation may not pay for all the services you need.
 

Are you prepared financially if something does happen to you? Supplemental insurance might be the answer. As its name implies, additional insurance provides you with another layer of protection on top of existing policies you probably already have, such as health and life insurance. It can help you pay for care and services existing policies may not cover.
 

Supplemental insurance is like other lines of insurance - such as life or health insurance - but it is not meant to be your only means of protection. While significant medical or life insurance policies can provide the bulk of benefits to your family after an illness or loss, supplemental insurance benefits can be used to pay for unexpected out-of-pocket expenses.
 

Types of Supplemental Insurance

Supplemental insurance policies include coverage for:

• Cancer

• Heart disease

• Accident

• Disability Income

• Hospital Indemnity

Supplemental insurance such as cancer and heart disease policies fall into two main categories. Some provide a one-time lump-sum benefit, and others that are expense-based.

Accident and hospital indemnity policies are typically indemnity-based; in other words, the policy will pay specified amounts for certain covered conditions or injuries.

Note: Not all options are available in all policies or all states.