Maintaining your health and that of your family members can be costly, whether it is managing chronic conditions or dealing with unexpected diagnoses or accidents. Unexpected illness or accidents can make it difficult to save money. supplemental insurance.
According to an article in the Health Matrix Journal of Law-Medicine, approximately 1.5 million families are forced to foreclose their homes each year due to unpaid medical bills. It’s not surprising that this number is so high when you consider the average daily cost of inpatient hospital treatment at more than $1,600
“The facts are scary: one in two men and one in three women has a chance of developing cancer. One in three adults has some form of cardiovascular disease. And often enough, health insurance will not cover all of the related expenses in treating these diseases,”Polly Galbraith, the medical director at Assurant Employee Benefits – a small business insurance provider, explained.
“Patients aren’t just responsible for medications and appointments, which regular health insurance will take care of. Indirect expenses vary from child care and lost work to transportation and property maintenance, which is where supplemental insurance comes in,” adds Galbraith.
Supplemental coverage may include accident insurance, critical disease insurance, gap insurance, and other types of insurance. These coverages provide fixed benefits for specific injuries, early detection and treatment.
You may be eligible for out-of-pocket expenses (such as chemotherapy and radiation) for certain types or cancer. These benefits are also available in any form you prefer, as well as other coverages.
You can’t tap into your retirement savings, or your children’s education fund by not working with your employer.
More information is available at www.assurantemployeebenefits.com. Ask your HR department about adding insurance to your current enrollment.
