Supplemental Health Insurance

What Is Supplemental Health Insurance?

Who Needs Supplemental Health Insurance?

How Does Supplemental Health Insurance Work?

  • Accident Insurance covers accidental injuries that need treatment, urgent care, or hospitalization upon the submission of a claim.
  • Critical Illness Insurance provides a lump-sum benefit for the diagnosis of major, chronic, and debilitating illness such as heart attacks, diabetes, stroke, Alzheimer’s and Parkinson’s disease.
  • Cancer Insurance covers treatment for a cancer diagnosis and related procedures, treatments, and screenings upon submission of a claim.
  • Dental Health Insurance covers dental treatments for individuals over 18 years old upon submission of a claim.

Supplemental Health Insurance Benefits

Supplemental Health Insurance Coverage

  • Critical Illness or Disease-Specific Insurance, which pays a cash benefit to cover treatment for certain diseases, such as cancer that can be used at the policyholder’s discretion (also Cancer Insurance)
  • Accidental Death and Dismemberment Insurance, which reimburses for medical costs that result from accidents, including auto accidents and those that occur elsewhere; death benefits are paid to named beneficiaries
  • Hospital Insurance, which covers out-of-pocket expenses when the insured is hospitalized, such as deductibles, prescriptions, and other costs not covered by health insurance
  • Hospital Indemnity Insurance, which covers a predetermined payment to the insured or the provider in the event of illness or injuries covered by the policy
  • Disability Insurance, which covers a portion of the income the insured fails to earn when he or she gets too sick or severely injured to continue working
  • Long-term Care Insurance, which covers the cost of nursing home and other long-term care
  • Dental and Vision Insurance, which covers the cost of dental and vision care that is not included in traditional health insurance policies
  • Supplemental Insurance for Seniors, which covers the unique needs of older policyholders, including medical treatment not covered by Medicare; other senior-specific insurance includes dental, vision, and final expense insurance

Supplemental Health Insurance FAQs

What are some examples of a supplemental health insurance policy?

  • Critical Illness or Disease-Specific Insurance
  • Accidental Death and Dismemberment Insurance
  • Hospital Insurance
  • Hospital Indemnity Insurance
  • Disability Insurance
  • Long-term Care Insurance
  • Dental and Vision Insurance
  • Supplemental Insurance for Seniors

How much does supplemental health insurance cost?

  • Where you live
  • The insurance carrier providing the coverage
  • The type of plan
  • The benefit level you select

What are supplemental benefits?

  • Deductibles and co-pays
  • Hospital costs such as private rooms and private duty nurses
  • Emergency room visits and outpatient surgery
  • Child care and lost wages
  • Services and expenses associated with an accident
  • Dental and vision services

What are some examples of supplemental health insurance plans?

Is supplemental health insurance right for seniors?

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HUB International

HUB International is a leading North American insurance brokerage that provides employee benefits, business, and personal insurance products and services.