Supplemental Medical Insurance

tart -->and benefit periods.
Group health insurance rates have been increasing2. Life Insurance - Supplemental life insurance includes
year after year and employers have been forced toa variety of permanent plans as well as term life
make some drastic changes in their employee benefitinsurance. There are non-medical life policies available
programs. Many employers have changed their healthfor larger groups when a certain amount of
insurance to high deductible plans. Dental Insurance hasemployees participate in the plan.
been discontinued by some companies as well as3. Dental Insurance - This is one of the more popular
vision care. Disability programs have been trimmedsupplemental health products because it usually the
down as well as group life insurance. This has createdfirst discontinued by the employer.
gaps in coverage and employees have had to look for4. Cancer Insurance - The cancer policy is a single
alternatives for coverage that has been omitted orneed policy with relatively low premiums.
decreased in their benefit package. The answer to this5. Accident Insurance - The accident policy covers
problem has come in the form of supplemental healthaccidental injury and death. There are accident
insurance. Supplemental health insurance companiesdisability riders on some accident policies.
will enroll employees with these products and the6. Hospital Income - The hospital income policy pays a
premiums are paid through payroll deduction.daily dollar rate to the insured while hospitalized. These
Supplemental health Insurance Productspolicies can pay as low as $10 per day and as high as
1. Disability Insurance - Supplemental disability insurance$200 for each day hospitalized.
is sold to employees to fill in gaps or replace lostThe need for supplemental insurance is stronger than
benefits. Long term and short term disability insuranceever before.
can be purchased with a variety of waiting periods