Ancillary Supplemental Health Insurance plans are purchased to plug the holes of expensive high deductible health plans, co-payments and co-insurance. Ancillary health plans are not ACA qualified and therefore does not meet or cover all ten essential health benefits needed compared to a comprehensive plan.
Ancillary Health Plans can generally be purchased as an individual insurance plan, bundled with other comprehensive health plans, or it may be offered as a rider by the insurance carrier. Typically products such as Life Insurance may offer ancillary plans as a rider to further enhance the policy's functionality.
Ancillary plans generally offer consumers various levels of cash benefits to choose from. Listed are some of the most popular Ancillary and Supplemental health plans that will help keep emergency expenses in check, and keep your savings intact.
Critical Illness Plans
Protect yourself from the cost of a catastrophic event such as Cancer, Stroke, Heart Attack, or Kidney Failure
Critical illness plans generally include major illnesses such as Cancer, stroke, heart attack and kidney failure, or sometimes organ transplant.
Most plans include set limits or what's considered reasonable and standard for the specific medical procedure. They generally pay cash lump sum amounts to the policy owner, upon providing proof of the medical procedure.
Here is why a critical illness (CI) plan should be considered. If you're concerned about the hospital cost of a critical illness, then you should use a CI plan to supplement the added cost from the expense of coinsurance, copays, unusual medicine and trials.
You can view typical examples of what you gain when you have a plan, and what you lose when the do not have a critical illness plan to cover these major hospital procedures.
Explore available Critical Illness plans in your area.
Long-Term Care Plans
Protect Your Savings & Retirement
From Unexpected Illnesses and Disease
The traditional solution for covering the expenses of Long Term Care needs was only available through a long-term care insurance policy. Long Term Care insurance policies are generally unaffordable, and premiums have seen significant increases.
Long Term Care Insurance also does not have the flexibility as other insurance policies because of the “use it or lose it” type of program.
Should you get a chronic or critical illness that requires Long term care, there are Alternatives available to help buffer the high cost such care.
Long term care is becoming more of a necessity because of the financial strain that comes with these care. Find out how you can protect your retirement assets from some of life’s unexpected expenses that happens due to a critical or chronic illness.
Protect Your Paycheck
In The Event You Are Unable To Work Due to sickness or Disability
An accident or illness oftentimes causes a disability which robs you of your ability to work and earn an income.
Disability insurance also known as paycheck protection will replace a loss of income due to an illness or accident.
Anyone that is a bread winner or primary earner will benefit from a disability insurance plan. Keep in mind that most employer disability plans, do not cover overtime or bonuses. Depending on your state of residence disability plans will generally cover about, on average 60% of your income.
Plan options include set dollar amount per week, bi-weekly or monthly. You can also choose your waiting period when your benefits starts. You can use DI to replace most of your income, or to help supplement the percentage of income that's not paid by your employer’s plan.
Disability Insurance are time triggered; also called an elimination period. Your benefits generally start after the time selected, whether that's ninety or sixty days of the illness or accident.
How will you pay for potential Unexpected Expenses?
Secure Your Savings and Assets
With a Cancer cash plan
A Cancer plan is another ancillary plan that plug the holes of expenses not covered by your major medical provider.
Expenses that can be covered with a cancer plan are coinsurance, copays, uncovered procedures, prescription drugs are generally the expenses that eat into your savings and retirement.
Cancer plans can be used for hospital expenses and the often overlooked “post hospital” recovery. These are Things such as housekeeping, minor remodeling around the house, such as a grab bar or a shower seat. These are the little things that make a big impact in your recovery.
Plan ahead to avoid these medical expenses with a cancer plan.
Supplement Your Current Plan
Your Medicare Plan
Use as a Stand Alone Plan
Dental plans can be used to enhance your current employer coverage. Or if not offered by your employer, you can purchase affordable dental plans for yourself or family. If you are a Medicare beneficiary, Medicare does not offer dental benefits. Supplementing with a stand alone dental plan will eliminate surprise dental expenses.
In general, most dental plans offer greater coverage for in network services. preventative services are covered at 100% with network providers. Some plans with next day coverage. Dental plans are offered at individual and family rates. Some Dental plans also offer child orthodontia if under 18 years old.
Also available are employer group plans. Business owners seeking employee coverage can get a quote here.
See the dental plans and rates that are available in your area
Accidental Death & Dismemberment
Secure your finances from Post hospital Recovery after an Accident.
Accidental death and Dismemberment plans pays the insured cash should you become hospitalized due to an accident. If the insured dies because of the accident then the payment is made to his beneficiary or loved ones.
An AD&D or Accidental Death and Dismemberment plan helps with post recovery expenses such as transportation for specialist treatment, or paying a family member for assistance. Accidental plans are cash plans so the insured are able to use the cash payout as needed.
You can use your cash payment to plug the holes of expenses not covered by your major provider, specialty treatments, copayments, coinsurance and deductibles.
Expenses that can be covered with an accident plan are coinsurance, copays, uncovered procedures, prescription drugs are generally the expenses that eat into your savings and retirement.
Accident insurance payment can be used for hospital expenses and the often overlooked “post hospital” recovery. These are hings such as housekeeping, minor remodeling around the house, such as a grab bar or a shower seat. These are the little things that make a big impact in your recovery.
Plan ahead to avoid these medical expenses with a cancer plan.
Vison & Hearing Plans
Extra Discounts and added Savings
on Glasses and Hearing Aids
Vision Plans are often combined with dental plans or purchased by itself. Vision plans are a set dollar benefit amount per year. Beneficiaries can expect typical annual benefit amount of $250-$500 dollars, depending on the plans available within your state. These set annual dollar benefit amount can be used for glasses, contacts, frames and vision exams. You can choose a plan with benefit reset every twenty four months or every twelve months.
Some vision plans now offer extra savings on laser vision correction. Search here to learn if an affordable vision plan is offered in your area.
Hearing plans are also ancillary or supplemental health plan that is offered stand-alone or bundled with dental and or vision. Hearing plans can be used to supplement those health plans offered by your employer, or to enhance your Medicare Advantage plan. Supplemental hearing plans can be offered as a discounted benefit, or a set dollar limit.
Hospital Indemnity Plans
Can You Pay For Hospital Cost? Avoid added cost with an hospital a Hospital Indemnity Cash Plan
A hospital stay can be a traumatic set back, not just to your health, but your savings and your family. Even if you have additional medical insurance, you will most likely have costs that aren’t covered. How can you avoid these set backs with Hospital Indemnity insurance plan can provide you with supplemental cash benefits to use as needed.
Hospital Confinement benefit
Pays for each day of confinement in a hospital. You can choose coverage based on the number of days over or a period of confinement – say 7 or 21 days and the amount per day for a fixed amount – say $150 or $200