Do You Need Supplemental Health Insurance?

health insuranceSupplemental health insurance can be very beneficial depending on your needs. A supplemental health insurance policy will cover anything above the minimum necessary medical coverage. If you need help covering costs not covered by your primary plan, a policy like this will be very helpful. Here are some examples of when supplemental insurance in Maitland, FL, is needed:

Critical Illness Insurance

This type of supplemental plan is also referred to as disease-specific insurance. If you require treatment for diseases like cancer, a critical illness policy will pay a cash benefit directly to you for treatment. In many instances, this cash can be spent in any way you choose as it is meant to ease your financial burden during this difficult time. The policy is not impacted by how much your insurance pays towards your medical bills.

Travel Insurance

If you need to travel outside your health network, whether that is domestic or international, it can pay to have a supplemental travel policy. This type of insurance policy will cover medical costs you incur when you can’t access doctors or hospitals in your insurance network.

Hospital Indemnity Insurance

This type of plan provides a cash benefit on a daily, weekly, or monthly basis if you are in the hospital for an extended period and cannot work.

There are many more types of supplemental insurance that we haven’t mentioned yet. If you have certain health risk factors, you may benefit from an additional policy for your health insurance plan. Speak with an experienced agent at Mike Elliott Insurance Agency today to see if you would benefit from these or any other type of supplemental insurance plan at (407) 671-1100.