Supplemental Insurances
Supplemental insurance pays a cash benefit to the insured. The amount of cash and how it is paid out depends on the supplemental health insurance plan or policy. Some popular supplemental health insurance policies are specific disease insurance such as for cancer, accidental death and dismemberment insurance or accident health insurance, and hospital indemnity insurance.
When a covered individual is diagnosed with cancer, this plan provides benefits for hospital confinement, radiation and chemotherapy, and surgery, among others. In addition, this supplemental plan will pay a First-Occurrence Benefit when a covered individual is first diagnosed as having internal cancer. Benefits are determined by state, but may include:
- Hospital Confinement
- Radiation and Chemotherapy
- National Cancer Institute (NCI) Evaluation/Consultation
The Accident Indemnity Plan helps cover the expenses associated with an accidental injury. It pays you directly, unless you assign benefits, regardless of any other insurance you may have. Benefits are determined by state, but include:
- Accident Hospital Confinement
- Accidental Death and -Dismemberment
- Many others