You may think that you are only responsible for medical expenses when treating health issues. However, the third myth is really all about financial responsibility and the bigger picture.

Sure, medical costs might be the first thing you think of while recovering, but they aren’t the only expenses you may encounter. With supplemental health insurance, you could avoid many unexpected expenses. What other expenses can you think of that need to be covered while treating a health issue?

Mortgage and Groceries and Gas, Oh My!

That’s right! Living expenses. Did you know that 7 in 10 workers say they could not cover normal living expenses for more than 6 months without a paycheck?1

While you are recovering, it may be impossible to go to work and earn your regular paycheck. When that happens, it’s difficult to imagine paying the mortgage and electricity bills. Even the groceries could be a reminder that medical situations affect many aspects of your life. So, what expenses are involved in your monthly routine that you couldn’t afford without a paycheck? Do you know that supplemental health insurance could help cover those costs too?

Cash Benefits That Can Supplement Paychecks

If you’re unable to work because of an injury or critical illness, how will you support your household without a paycheck? What can you do? Simple! Use your supplemental health insurance plan to help cover your daily costs.

For example, with a supplemental accident policy, if you have an accident that requires you to go to the ER and miss two days of work, you could receive a check for $1,000 eight days after submitting your claim.2 This money would be paid directly to you to use however you choose. It could not only help pay the ER copay but also help cover lost wages! Now, even after missing two days of work, you won’t have to worry about this week’s groceries or other expenses due to loss of income.

Wait. It could help you pay both medical and living expenses? Yes! That’s why this myth is doubly untrue. Not only are you responsible for other expenses, a supplemental health insurance plan could help you cover them! With supplemental insurance, which has a range of products offering lump-sum cash benefits, experiencing a lack of income could be worry-free.

What Do I Need to Do?

You only need to find the right plan. Discuss your supplemental health insurance options with a professional who can help you find exactly what you need. Find a plan at HealthMarkets Insurance Agency. Call us 24/7 at (800) 642-0607 or meet with one of our 3,000 local health insurance agents.



1 Social Security Administration, Fact Sheet February 2013.

2 The supplemental benefits referenced are taken from Surebridge Accident Companion Policy, option 4 benefit level, emergency treatment (within 72 hours of injury) Form CH-26122-IP (01/11), or its state variation which is underwritten by The Chesapeake Life Insurance Company. Administrative offices located in North Richland Hills, TX. Product availability varies by state. A complete list of benefits, exclusions and limitations is available upon request. Please contact a licensed agent and refer to the Policy.

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