How Supplemental Insurance can Help You


MoneyTips

Supplemental insurance is an additional form of insurance that is designed to cover expenses that standard insurance available in your state may not include. This form of insurance often covers expenses for health care that other forms of insurance such as Medicare, Medicaid or a company healthcare policy may not cover. Standard health insurance policies often include high deductibles and coinsurance amounts that may present a financial challenge for a family attempting to pay them out of pocket. Supplemental insurance can help a family not only cover deductibles and coinsurance, but also add extra benefits including a private room or a private nurse, improved meals or even childcare expenses.

Types of Supplemental Insurance

Supplemental insurance can also involve accidental death policies, critical illness insurance or even extra coverage for being confined to a hospital, known as hospital indemnity insurance. The principle behind supplemental insurance …



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