Your health insurance plan covers costs after you have met your deductible and paid your copays. What insurance does not pay is expenses you may incur when you are kept in the hospital overnight. Hospital indemnity insurance pays a per-day amount for each night you...
Health insurance should be expansive enough to cover all your medical expenses. In reality, there are co-payments, non-covered expenses and deductibles that you must pay out of your own pocket. Even employer-sponsored health insurance – which covers most of the people...
In addition to dental and health benefits, life insurance is one of the ancillary benefits that people look for in a comprehensive employer benefits package. It’s also something you can buy on your own without assistance or restrictions from an employer. Life...
Long-term care insurance is designed to supplement your health insurance as well as Medicare and Medicaid should you or a family member require long-term care. These policies reimburse you a daily amount for services that assist with daily living, like bathing,...
A fixed indemnity plan pays a fixed amount for covered services, and those payments are made directly to you as the insured. There is usually no deductible as there would be with major medical plans. This ancillary product is often referred to as “fee-for-service”...
Health benefit insurance plans (HBI) are new on the insurance market. These plans are designed to protect you against the high out-of-pocket costs that you could face with major medical insurance. HBIs combine many different types of coverage, such as critical illness...
After dental insurance, vision insurance is one of the most sought-after ancillary benefits. Although the term vision insurance is commonly used, these plans are often stand-alone plans that are better described as annual wellness benefits or discount plans. Vision...
Many employers are now offering critical illness coverage to offset the rising costs of co-payments and premiums. Critical illness coverage pays a lump sum if you get a specific illness. Many times, the policies pay the lump sum if you are diagnosed with cancer or...
With co-pays and deductibles increasing each year, you might face mounting medical bills after an accident even with health insurance. An accident can happen at any place, any time. Although you may have extra coverage if you’re injured in an auto accident, and your...
Health Benefit Insurance & Short Term Health Insurance Plans - An Affordable Coverage Option For Some, Not All One of the biggest gripes of both insurance carriers and insured people is that major medical health insurance coverage just costs too much. We have...
