How Supplemental Insurance Offsets Rising Costs

Supplemental insurance is extra or additional insurance that helps you pay for things your standard insurance doesn’t cover. When you choose supplemental insurance plans from Combined Insurance, cash benefits are paid directly to you so you can use the money to help pay for out-of-pocket medical costs, lost wages or other unexpected expenses due to illness or injury.

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: