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Supplement Products

This is important since it offers extra benefits not covered by conventional insurance. These products, provided through employers or offered on an individual basis, are essential to the financial peace of mind of many families across the country.

Supplemental benefits also include preventive loss plans that protect employers from self-paying medical plans which are higher-than-expected claims.

For many, supplemental health coverage can be a cost-effective way to help with out-of-pocket costs.

Below are a few of the advantages of supplemental health insurance plans:

  1. They usually come with affordable monthly premiums.
  2. They can offer financial freedom when you experience unexpected medical situations.
  3. In many cases, the cash benefits can be used in any way you like (pay medical costs, household expenses, or even pet sitting and child care).
  4. Some policies you can keep as long as you want, but not all are guaranteed renewable for life.
  5. You can purchase policies any time. There’s no need to wait for open enrollment like you would for a traditional health plan.
  6. You can buy them on your own or through an employer, if offered. They may be referred to as “voluntary” or “optional” through an employer.
  7. You can buy each policy separately. You may also ask your insurer about adding on a “rider” policy for an additional premium cost.

For further concerns, feel free to reach out to our Licensed Insurance Advisors through this link.

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