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There are some supplemental insurances that will cover incidents that come up. You use the money as you see fit. Usually though, you are really saving money by taking an insurance that has a higher deductible/copay since the premiums are lower. We are so used to an all-encompassing insurance plan, but those are going by the wayside in the current (2010) market. Also, if you contribute to a health savings plan, that money is pre-tax and is cheaper to use for copays.
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Is it a good idea to purchase supplemental insurance?
it probably would be a good idea to get supplemental insurance if your present insurance doesnt cover 100%. it does not seem to be a good thing without insurance already.
Is getting supplemental insurance a good idea?
Whether or not you need supplemental insurance depends upon your individual situation. Does the coverage your job provides give enough of a benefit should you need it? If not, than supplemental insurance would be a good idea.
How much of a 20000 hospital bill would my insurance pay for?
AnswerAssuming it was in benefit etc. the allowed amount would be around $5k. The insurance would pay everything after applicable copays, deductibles, and your portion of the coinsurance.
What kind of damage does supplemental health insurance cover?
Supplemental health insurance would usually cover what your regular health care insurance does not cover. Like long term care, or rehabilitation. Some like Aflac would help you keep up with your bills.
What Is Supplemental Insurance and Do You Need It?
You may have heard of supplemental insurance but not felt clear about what it is, or whether you need it. You may have heard the term "Medicare supplement" and thought that supplemental insurance is only for Medicare recipients. Or you may have questions about exactly how supplemental insurance fits into your financial and healthcare needs. Supplemental insurance is exactly what it sounds like: Insurance that pays over and above what your primary insurance policy covers. It is not intended to replace the insurance you have now. Rather, it is intended to provide coverage for expenses not included in your existing insurance plan. You can think of supplemental insurance as picking up the tab for the expenses that you would normally pay out of pocket. These policies might pay your deductible, for instance. You may also buy supplemental insurance to cover hospitalization or intensive care costs that your insurance does not cover. Cancer policies are a popular form of supplemental insurance, as are accident and accidental death policies. These policies cover the additional hospitalization and doctor expenses over the spending cap of many traditional policies. In deciding whether you need supplemental insurance, consider the coverage you already have, as well as your financial circumstances. If your policy has limitations, as most do, you may want to consider speaking with an agent about the supplemental insurance coverage available to you. Most of us cannot afford to become catastrophically ill or suffer a life-threatening or fatal accident. While our insurance policies cover most of our normal medical needs, chances are they would not cover all of a major illness or injury. If you don't know what your current insurance covers, find out, and consider how you would handle an injury or illness that "maxed out" your insurance. If you have any doubt about your ability to financially weather a medical disaster, you probably do need supplemental insurance. Supplemental insurance may be likened to wearing a belt and suspenders. Most of the time your current coverage will meet all of your needs, but when it does not, supplemental insurance will make things easier for you.
What are the benefits of accepting supplemental liability protection for a rental car - can you give an example?
I am in California which does not offer supplemental insurance, so I am making an educated guess. I would say it's secondary to your regular insurance, and would cover your decutable/and or cover what your insurance does not carry, as long as the renter was not neglent and did not violate the rental agreement. Usually offers like this has a max of the amount they would cover upto... This would vary from state to state.
Is RAC breakdown cover worth it?
Preemptively buying insurance for your car is required in most states, whether you choose to buy supplemental insurance is really dependent upon the rates and monetary situation of the individual. If it is possible to buy your overall insurance and include collision and or other break down packages, that would more than likely be cheaper. However, some outside supplemental insurance companies offer more than just breakdown coverage, such as triple A. Again, if it is possible to have break down coverage included in your original insurance package, that would be best, however, if you need supplemental insurance, and can afford it, better to be safe than sorry.
Where can one go to find supplemental medical insurance in New York State?
"Depending on what type of insurance you are seeking in the state of New York, Progressive Insurance and Nationwide Insurance may be in your best options, if you are seeking life insurance on the otherhand I would begin with Colonial Life Insurance."
In Texas can a lease operator charge his employees for occupational accident insurance without informing his employees this insurance would be taken out of their pay weekly?
NO ALL DEDUCTIONS THAT COME OUT OF A PERSONS PAY MUST BE LISTED ON THE STUB.. YOUR MESSING WITH THEIR TAX BRACKET AND THEIR LEGAL RIGHT TO BE INFORMED OF SAME DEDUCTIONS.
What is secondary insurance?
Secondary medical insurance is a second level of insurance coverage.Under most circumstances, the two policies are independent of each other. One policy may pay for a service while the other may not. The primary policy must pay first, then the secondary. The choice of which policy is primary or secondary is established by a shared rule between insurance companies. It is not the policy holder's choice.Examples of Primary/Secondary coverage: A husband and wife both work and carry the medical insurance offered by their respective employers. The husband adds his wife to his policy. The wife adds her husband to her policy. Under most circumstances, the husband's plan would be his primary policy and his wife's plan would be his secondary policy. In like manner, the wife's plan would be her primary policy and her husband's plan would be her secondary policy.Secondary insurance should not be confused with supplemental insurance. Supplemental policies usually abide by the primary insurance guidelines. If the primary allows the charge, the supplemental will allow the charge. Most supplemental policies cover the charges you would normally pay out of pocket. For example: A Medicare supplemental policy would cover the 20% coinsurance left over after Medicare pays 80% of the allowed amount.
What does aflac insure?
A better way to frame that would be 'Whom does Aflac insure?" Aflac insures people. It is supplemental health insurance, although they also sell disability, which is a form of income insurance.
Why would someone choose to get Medicare Supplemental Insurance?
Standard Medicare only covers about 80% or medical expenses such as doctors visits and prescriptions. Medicare Supplemental Insurance, or "Medigap", will cover that last 20%. For those heading into retirement years, when medical expenses seem to increase at the same time as one moves into a fixed or declining income, this supplemental insurance can provide peace of mind while also preventing one from eating into retirement savings after an unanticipated fall or illness.
