You may work for an employer that already provided health insurance before the affordable health care passed or you may have only received health insurance from your employer after its passage. Either way, your employer may not provide the level of insurance you really need. Advantage Insurance Network serving Cincinnati, OH wants you to understand your options.

If the health insurance from your employer does not cover everything, you can purchase a supplementary health plan that ensures you always have the needed level of coverage. Many people do not realize that you can have more than one insurance policy for health and other needs. Also, since one size does not fit all, you can customize your policies to suit your needs. 

The term supplemental health insurance policy refers to health insurance that provides added or additional coverage to pay for out-of-pocket expenses and medical care not covered by the main policy.

These supplemental policies vary greatly since some pay for deductibles while others cover copayments. Some plans work as coinsurance while others cover services not provided for by the main plan such as dental or vision coverage. Health supplemental plans also exist that cover lost wages, medications, transportation to and from medical care appointments. The most widely known example of these is Medicare and its four parts of coverage. Part A covers hospitalization costs, while Part B covers doctor’s visits, examinations, and testing such as X-rays. This also gets called Medigap insurance to refer to Parts A, B, C, and D as a whole.

Other types of medical policies include critical illness insurance that pays for treatments for diseases such as cancer. A type of named peril insurance, it only kicks in if you contract one of the diseases named in the policy. Other kinds of supplemental health insurance are accident health insurance and accidental death and dismemberment insurance (AD&D). AD&D pays the family of the policyholder if they die in an accident. It pays a lump sum if the individual loses a limb, a sense such as sight, or becomes paralyzed. Accident health covers the medical costs that the main health insurance policy does not.

Many other types of supplementary health insurance exist. Contact Advantage Insurance Network serving Cincinnati, OH for more information and to find the supplementary insurance you need.