Supplement your health coverage: Hospital Indemnity, Critical Illness, and Cancer Policies
Major medical health insurance is your foundation, but supplemental policies can provide an extra layer of financial security for life's biggest health challenges. Hospital indemnity, Critical Illness, and Cancer policies provide cash benefits when you need them most, helping to protect your savings from unexpected medical and household expenses.
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​Hospital indemnity insurance: Cash for hospital stays Even with major medical insurance, a hospital stay can result in high costs from deductibles, coinsurance, and non-covered services. Hospital indemnity insurance helps close that financial gap.
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• Fixed cash benefits: You receive a set cash payment for each day you are hospitalized for a covered illness or injury. Some plans also offer benefits for ICU stays or emergency room visits.
• Use the money your way: The cash benefit is paid directly to you. You can use it to cover medical expenses, such as deductibles and copays, or for daily living costs like groceries, childcare, or rent while you recover.
• Guaranteed coverage: These plans are often guaranteed, with no medical exam required during enrollment.
Critical illness insurance
Lump-sum for serious illness A serious illness like a heart attack, stroke, or cancer can be financially devastating. Critical illness insurance provides a lump-sum cash benefit upon the diagnosis of a covered illness, allowing you to focus on your recovery.
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• Cash when you need it most: The payout helps cover medical costs not fully covered by your primary insurance, such as treatment not available locally, travel and lodging expenses, and specialized care.
• Choose your spending: You have full control over how you use the cash benefit. Replace lost income, pay for household bills, or cover other costs related to your illness.
• Covers multiple events: Some policies may offer benefits for a second occurrence of an illness or for subsequent diagnoses of other critical illnesses.
Cancer insurance: Specialized coverage
A cancer diagnosis can bring enormous financial strain, including costs for treatments, experimental therapies, and supportive care. Cancer insurance is a specialized policy that pays cash benefits to help you manage these expenses.
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• Targeted protection: It provides benefits specifically for cancer diagnoses and treatments.
• Helps with out-of-pocket costs: The cash can be used for a wide range of expenses, including medical copays, deductibles, transportation and lodging related to your treatment.
• Lump-sum option: Some policies offer a lump-sum benefit upon diagnosis, providing immediate funds to use as you see fit.
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Learn how these supplemental plans can provide peace of mind and financial security for you and your family. Get a personalized quote today!