If you are like most people, when you think about insurance coverage you think about the obvious:
- House Insurance
- Car Insurance
- Health Insurance
- Life Insurance
What you may not be aware of is some lesser known insurance products that may benefit you:
- Critical Illness
- Hospital Indemnity
Critical illness insurance provides funds if you suffer a critical illness. Illnesses include things like, Cancer, Heart Attack, Stroke, and Alzheimer’s and others.
Depending on the plan you choose, you can receive payment for services related to diagnosis, annual screenings, procedures and treatment. Some plans also cover alternative care, experimental treatment and home health care.
Accident insurance can provide you with an extra level of financial protection to help cover out-of-pocket medical expenses such as deductibles, co-pays, and coinsurance – and even non-medical expenses in the event of an accident. The plan often covers such expenses for emergency room or urgent care services, imaging, treatments, follow-up care and transportation.
If your medical plan has a high deductible, you may be taking risks with your health by delaying or skipping doctors’ appointments, or putting off surgery or recommended treatments and procedures because you are not prepared to pay out-of-pocket deductibles and other expenses.
This supplemental plan covers many expenses basic medical coverage does not. The benefit can be used for co-payments, deductibles, and prescriptions.
A lot has probably happened in your life this past year.
- Get a new job or a raise?
- Get married or divorced?
- Have a baby?
- Bought or sold a home?
These are all reasons to review all of your existing insurance policies and make sure they are up-to-date.
How to celebrate Insurance Awareness Day
- If there is a type of insurance you can benefit from, do your research and learn about the different policies and features.
- Take action and make sure you have the coverage you need to protect you and your loved ones.
- If you are not sure where to start, contact an insurance agent who can help you figure out what coverage meets your needs.
- If you are an employer, consider making these products available to your employees on a group basis. If won’t cost you anything and your employees will get the benefit of group plan savings.
Knowledge is Power!