How Supplemental Insurance Offsets Rising Cost

Alli Walsh, Social Media Strategist

How Supplemental Insurance Offsets Rising Cost

Millions of Americans are carefully considering their comprehensive health insurance options as Open Enrollment is occurring around the country. Whether you are enrolling through your employer, or a state or federal Affordable Care Act marketplace, you will have the opportunity to choose options that are right for you and your family.

Rising costs

You’ve probably noticed that many comprehensive health insurance co-pays, deductibles, and co-insurance out-of-pocket expenses are rising. Insurance companies and employers are increasingly asking their policyholders to pay for more of their healthcare expenses, taking a bigger dent out of your budget.

Supplemental insurance

As you take a look at your options, make sure to carefully consider how supplemental insurance fits into your insurance portfolio, and how it may help offset that dent in your budget I just mentioned.

Some types of supplemental insurance can work by complementing your major medical coverage. When an accident or illness happens, supplemental insurance may help cover uncovered or unreimbursed medical expenses.

Many people don’t know that many types of supplemental insurance provides cash that you may use any way you wish, including helping with expenses often associated with serious injury or illness such as replacing lost income, associated transportation costs, childcare, and necessary household help. The benefits are paid directly to you, so you can use them wherever you need them most.

Common types of supplemental insurance are:

  • Accident Insurance
  • Accident and Sickness Insurance
  • Cancer Insurance
  • Critical Care Insurance

During this period of Open Enrollment, take the time to understand any changes you may have in co-pays, deductibles, coinsurance amounts, and out-of-pocket limits. With a clear understanding of your expected costs, you can determine whether or not supplemental insurance is right for you.

Do you think supplemental insurance is right for you? Chime in on your thoughts on our Facebook page here:

Do you own supplemental insurance? What types, and what made you decide to purchase a policy?

For Individuals & Families Coverage = Confidence

Life full of uncertainity.You can't eliminate it.But you can manage it. Supplemental coverage from Combined Insurance helps you pay for things standard insurance doesn't cover. So, you're prepared for the unexpected.

For Employers & Associations Coverage they want

Great talent expect great benefits, which is why we help employers provide the supplemental insurance coverage their workforce wants – while managing the cost of doing so.

 

For Job Seekers Prepared for Success

Being a successful Combined Insurance agent requires focus, discipline and self-motivation. We have tools, programs and opportunities for you to build your skills and grow your career.

Agents & Brokers Grow Your Business

The innovative products and marketing support help you to tell your story; the coverage options and customer service to make sure your clients are completely satisfied.

 

Do the right thing because it's the right thing to do.W. CLEMENT STONE, FOUNDER
Click to Contact Combined Insurance