What is supplemental health insurance?

As the name suggests, supplemental health insurance plans are policies designed to offer coverage that extends beyond what standard health insurance offers.  But what types of supplemental policies are out there and how do you know if you need this insurance?  Read on to find out.

Common Types of Supplemental Health Plans

Some of the most common types of supplemental health insurance plans include the following:

  • Dental Insurance
  • Critical Illness Insurance
  • Vision Insurance
  • Disability Insurance
  • Supplemental Travel Insurance (for healthcare coverage when you are outside your health insurance network)
  • Long-Term Care Insurance
  • Short-Term Health Insurance
  • Medicare or Medicaid Supplemental Plans
  • Disease-Specific Insurance
  • Accidental Death and Dismemberment Insurance
  • Hospital Indemnity Insurance

How Do Supplemental Health Insurance Plans Work?

Supplemental health plans work essentially the same as normal health insurance plans.  Your plan will offer compensation for covered health services so long as you make your premium payments and take care of the co-pays or deductibles that your policy requires.  The specifics of our supplemental plan will depend on the type of policy you secure and the insurer you partner with.  Make sure you speak to your insurance provider to make sure that you understand the specifics of your coverage plan.

What Should I Consider When Looking for Supplemental Health Insurance?

When deciding if you need supplemental health insurance, you should consider three main factors: your health risks, your savings, and your insurance budget.  The type of health risks that you face will help you decide which supplemental health plans to consider.  For instance, if you have a history of vision problems, then you should consider investing in vision insurance to ensure that you have coverage for future needs.  The amount of money you have saved is also an important consideration because your savings dictate how long you could afford medical costs on your own.  Finally, your current insurance budget tells you if you can afford supplemental insurance or not.

This is what you need to know about supplemental health insurance plans.  Do you have further questions regarding your health coverage?  If so, then contact the experts at Randy Jones Insurance Services in Pleasanton, California.  We are ready to assist you with all your coverage needs today.