Monday, July 7, 2014

Supplemental Insurance Provides An Extra Layer Of Coverage

By Coleen Elkins

Having health insurance is a good thing but, it often leaves you with large out of pocket costs should you have an accident or a catastrophic illness. Most policies today have deductibles ranging from $3600 to $6300 per year.

Some health providers are requiring deductibles be met at the time services are rendered unless it is a medical emergency. If you don't have the cash on hand you may be left scrambling to come up with the cash to continue diagnostics or treatment.

Supplemental Insurance may be the protection most need to cover the shortfalls. These plans provide cash in the event of an accident or critical illness. The cash can help with covering your deductible or just paying the household bills.

These policies typical have a small monthly premium cost and can offer peace of mind.
A health insurance agent or broker can share your supplemental options with you.

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