The need and value of supplementing your employer-provided health insurance plan depend on the components of your employer’s plan and your unique needs and preferences. Many people who receive solid health benefits through their employees do not buy supplemental plans, while others consider them vital to managing the financial side of their family’s health care. If you live in or near Orland Park, IL, consider contacting RetireMax Insurance. Our team will answer all your health insurance and supplemental insurance questions.
What is Supplemental Health Insurance?
Supplemental health insurance is any policy covering a portion of your health care in addition to one of the core choices available through your employer’s core health plan. For example, many employees opt to acquire supplemental dental and vision plans during their annual enrollment period. Both are supplemental policies, even when the employer subsidizes them.
There are many supplemental insurance plans available. Whether or not they make sense for you depends on your situation and the comprehensiveness of your employer’s plan. Among the most common supplemental plans on the market are the following:
- Long-term disability – Provides income when you suffer a disability that keeps you from working or working at your full capacity.
- Long-term care – Covers the cost of adult day care, assisted living facilities, or similar assistance due to disability or age.
- Critical illness – Pays treatment costs related to treating specific named diagnoses.
- Hospitalization – Pays for hospital costs that exceed your core policy’s daily or stay rate.
Supplemental Health Insurance with RetireMax Insurance
If you live in or near Orland Park, IL, and want to discuss whether supplemental insurance is right for you or your family, call the RetireMax Insurance team at 708-388-9979. We’ll happily discuss your needs and structure a plan as needed.
