Supplemental Benefits

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Why do I need supplemental benefits?

Whether you are protecting generational wealth or you want to keep yourself out of the negative, sacrificing your income, your savings or both to uncovered and unexpected charges is devastating.

Tax-free money is paid directly to you that is used to make up for missed paychecks from time out of work, existing living expenses, and insurance limitations. Traditional health insurance does NOT pay your rent/mortgage, car payments, groceries nor the additional out-of-pocket costs from travel, extra childcare, new medications, and more.

Are supplemental benefits worth it?

Most likely, yes. The most common cause of bankruptcy in America today is from uncovered medical issues such as expenses and lost wages from time away from work for medical problems.

Supplemental benefits 101

We are all beginners somewhere in life, when you’re new a few points will help catch you up quickly. Learning the basics puts you back in the driver’s seat!

What are supplemental benefits?

Supplemental benefits also known as accelerated benefits, gap coverage, and sometimes voluntary benefits help you pay both leftover medical costs and out-of-pocket expenses not covered by your regular medical insurance. 

What are some examples of supplemental benefits?

Accident – pays you for accidents and injuries on and off the job reimburse you for medical costs that result from accidents and sometimes includes 
Disability – (short or long-term) if you become too hurt or too sick to work this helps you keep some of your income
Critical Illness – (such as cancer, heart attacks, etc.) pays cash directly to you or your healthcare provider for treatments and diagnosis of diseases and treatments
Hospitalization – pays you cash when you are in the hospital or ICU and helps pay against extra costs, insurance gaps and high cost hospital stays
Hospital Indemnity – pays cash benefits daily, weekly, or monthly when you are hospitalized
Medicare Supplemental – most commonly known, generally helps only those 65 or older cover some expenses that original Medicare does not. A common misperception is that ‘supplemental insurance’ is only for the elderly/retired

Top 5 reasons

Employees and families put money in supplemental benefits like accidents and cancer:

Coverage against uncovered medical expenses

on top of already existing living expenses.

Increased health risks, environmental risks, and injuries

on and off the job.

Protect against lost income, savings, and assets

in case of an emergency.

Limitations from other benefits like workers' comp, short-term, long-term, and VA benefits

all and life insurance pays your family only after you pass, never you.

Peace of mind to protect beneficiaries or family & loved ones

with an additional lump sum of money in case of accidental death and dismemberment.

bonus No Deductibles!

Supplemental benefits can actually help you choose health insurance plans with lower premiums which save you additional money every single month.

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Should I look into coverage?

Whether you live paycheck-to paycheck or losing your income would be the least of your worries, it’s important to review your coverage every 1 – 2 years.

Switched careers? Get married or divorced? New addition to the family?

With deductibles and the uncovered costs of health insurance going up, your plans might not cover what you need it too.