Your Resource for Answers to Common Questions about Insurance Coverage.

Supplemental Insurance

What is Supplemental Insurance?

Supplemental insurance is additional insurance that you can purchase to help you pay for services and out-of-pocket expenses that your regular insurance does not cover. With the exception of supplemental dental and vision plans, supplemental plans pay cash benefits directly to the insured and the money can be used to help pay out-of-pocket medical expenses, such as deductibles, copayments, and coinsurance, or for daily living expenses such as rent/mortgage, groceries, medication or to help cover a financial gap due to lost wages.

Supplemental insurance pays a cash benefit to the insured. The amount of cash and how it is paid out depends on the supplemental health insurance plan or policy. The insured decides how the money received from the supplemental insurance plan is spent.

Medical insurance is very important but it only covers part of the protection. You may also need coverage to help fill financial gaps such as out-of-pocket medical expenses and other daily living expenses. Supplemental insurance pays you a cash benefit directly to you to help fill those financial gaps.

When you are injured or sick, your medical insurance pays your doctors and hospitals; supplemental insurance is designed to pay you. The cash benefit you receive from your supplemental insurance plan can be used for anything you choose, including expenses health insurance won’t pay for, such as deductibles, offsetting a loss of income during your hospital stay, or to help with everyday living expenses.

No, you can use the money however you choose. It’s your money, your decision.

These plans generally provide a lump sum cash benefit to help manage many of the expenses that your major medical insurance does not cover after an injury due to an accident. Cash benefits are paid directly to you if you are injured due to a specific accident outlined in the policy.

A critical illness or cancer plan generally provides a lump sum cash benefit for a first diagnosis of a qualified major illness and many other types of illness including life-threatening cancer. The cash benefit is paid directly to you to help with deductibles, co-pays, and other expenses.

Disability Plans generally pay monthly cash benefits when you are unable to work. These types of plans usually offer coverage for periods of disability due to an accident, illness or injury.

Vision insurance plans generally offer coverage options for care through a network of providers. These types of plans usually include: Coverage for eye exams and lenses and in-network discounts on eyewear, contact lenses and vision correction procedures.

Dental insurance plans generally offer coverage options for care through a network of providers. These types of plans usually include: Coverage for restorative, preventive and diagnostic dental exams and in-network savings on dental procedures.