Supplemental Health Insurance

Affordable Solutions for Protecting Your Financial Wellness

Supplemental Health Plans pay for common health expenses that your regular health insurance just doesn’t cover. 

As a FREE resource, Benefit-Concepts works with individuals who want or need supplemental insurance to help them close gaps in traditional coverage, and to protect against the unknown. With many options available, we have solutions to fit all situations and budgets. 

More about Supplemental Health Insurance and types of coverage we have available
Because the individual mandate has been repealed, currently most people are not required to have comprehensive health insurance to avoid a tax penalty. However, that doesn’t mean you should go without coverage. Medical bills from an unexpected illness or accident add up quickly and are the number one reason most people file for personal bankruptcy. Our supplemental health plans are far less costly than traditional health insurance and will protect your finances should the unexpected happen, giving you time to focus on recovering instead of worrying about paying the bills.

When can you purchase Supplemental Health Insurance?
Supplemental Health Insurance Plans can be purchased anytime of the year and are most often effective immediately.
If you have missed the open enrollment period per the Affordable Care Act (ACA), and do not qualify for special enrollment, or are in between jobs, or maybe you need a more affordable alternative to the ACA, you can purchase Short Term Health Insurance any time of the year. Per the new health insurance regulations as set by the Trump Administration, there is no longer a tax penalty or individual mandate, so you do not have to worry about non compliance of the essential health benefits.

A short term health plan is a non-ACA option that is much less expensive than a comprehensive health plan, because it does not cover pre-existing conditions nor does it contain all of the essential benefits required by the ACA. The great thing about a short term policy is that it will help you avoid financial disaster in case of unexpected illnesses and accidents. And, per new federal guidelines, carriers allow for plans up to one year, and are renewable for up to three years in some states.
While traveling, your regular health plan only covers a fraction of costs. Don’t go without coverage. Medical travel insurance is typically very affordable and provides valuable medical coverage when traveling in the US or abroad, much like a regular health insurance policy. Most often these types of policies will cover care and services that are not typically covered by your regular health policy or Medicare.
Accidents can happen anytime. Accident Insurance is very affordable and provides benefits in addition to your regular health insurance and/or disability insurance, in the case of a accidental injury. Accident Insurance can go a long way to protect you from financial hardship due to a great deal of medical, recovery and out-of-pocket expenses that follow accidental injuries.

In the event of a covered accident, Accidental Injury insurance pays benefits directly to you* or anyone you assign. How you use the money is up to you. Cover deductibles and copays for primary care visits and physical therapy, emergency treatment, hospital stays, medical exams, transportation and lodging needs, along with other expenses that regular health insurance doesn’t cover when you have an accident. Some policies can even pay benefits in as little as one day, based on time of claim submission.
A critical illness, such as cancer, heart disease, stroke or other chronic illness or event can prove disastrous to the financial future of both you and your family. Fortunately, surviving a critical illness is becoming increasingly common with the advances in modern medical technology. Critical Illness and Critical Care Plans can help reduce the personal financial impact of the cost of fighting or recovering from these illnesses or keeping up with everyday bills through that process. This supplemental policy will provide a lump-sum cash payment when all policy terms and conditions are met (see plan summary for more information). If you have a health insurance plan and/or disability insurance, this policy will provide benefits in addition to your other coverage.

Key Features Of Critical Illness Insurance:
-Lump-sum cash benefit paid directly to you.
-You decide how best to spend your payment.
-No network restrictions.
-Benefit level choices to fit your needs and budget.
Unlike a traditional major medical plan that reimburses you or pays directly to a provider for approved hospital stays and medical care, a Hospital Indemnity Plan pays a lump-sum payment directly to the insured. The cash payment helps with out-of-pocket expenses and covers you when you are off work due to a hospital stay. The coverage is usually a set amount per day, per week, per month, or per visit depending on the benefit level selected.
Individual dental plans are inexpensive and can contribute greatly in promoting overall good health. Studies have shown that regular dental exams can optimize oral health to prevent cavities and bad breath. In addition, they help to detect serious medical conditions such as heart disease and diabetes. In fact, studies have shown that dental insurance encourages preventive dental care, which saves an estimated $4 for every $1 spent by eliminating the need for expensive, invasive and painful procedures.

Most dental insurance plans cover:
-Twice-yearly cleanings and exams
-Annual x-rays
-Restorations (fillings and crowns)
-Periodontics (treatment of gum disease)
-Endodontics (root canals)
-Bridges and dentures
-Some also cover orthodontics. Many dental insurance plans let you see any dentist, while some use a network of dentists.

Types of dental plan coverage:
Most insurers offer managed care plans designed to encourage wise use of dental benefits, with lower out-of-pocket costs for preventive services such as exams, x-rays and cleanings. Many plans also offer benefits for orthodontics, but pay a lower percentage for orthodontics than for restorative services such as fillings, root canals, etc.

Indemnity Plans
Under this “traditional” insurance plan, the plan pays dentists ac­cording to a formula—usually a percentage of the dentist’s fee, up to a “usual and customary” maximum. The dentist can bill insureds for the difference, or copayment. Most plans also have patients pay a deductible per visit or per series of treatments as well.

Preferred Provider Organizations (PPOs)
A dental PPO consists of a network of providers who agree to accept a certain discounted payment for their services. PPO plans give insureds financial incentives to use these “preferred providers” by paying higher percentages of claims they submit than for those submitted by non-preferred providers. Insureds pay the uncovered portion out of pocket.

Dental Health Maintenance organizations (HMOs)
In an HMO, dentists agree to provide specified dental services to members in re­turn for a periodic per-capita payment—usually monthly. Payments do not depend on the number or type of services rendered, and the HMO accepts the financial risk for providing covered dental services to members.

Individual vision plans are similar to individual dental policies, as they are inexpensive and save you money on routine eye care, such as exams with dilation, eyeglass frames and lenses, contacts, and even offer big discounts on procedures like LASIK.

An estimated 11 million Americans have uncorrected vision problems, ranging from refractive errors (near- or far-sightedness) to sight-threatening diseases such as glaucoma or age-related macular degeneration. Vision insurance encourages people to take care of their vision and health. Regular eye examinations can also identify other health conditions, such as diabetes, that can affect the eyes even before the individual experiences noticeable symptoms.

For those who don’t have employer-provided medical benefits, many individual medical plans offer vision coverage as an add-on. You can also buy a separate individual vision insurance policy.
What’s your most valuable possession? Your home? Its contents? For most working individuals, their ability to earn an income is worth far more than these physical assets. And, this is pretty important considering that statistics show our chances are greater of becoming disabled than dying between the ages of 25 & 45. If you have a high school diploma, your lifetime earnings potential exceeds $1 million. As education increases, so do earnings.

For example, the “average” man with a professional degree will earn $4.03 million over his working life, while the “average” female professional will earn nearly $3 million. A disability can jeopardize this valuable asset.

Most working adults don’t have the savings needed to pay their expenses if they were unable to earn an income for 90 days or more. Disability income insurance replaces a portion of an insured’s pre-disability income when they cannot work or cannot work full-time due to a disability.

Short-term disability (STD) insurance plans typically have a waiting period of 0 to 14 days before a covered individual will receive benefits, and they provide benefits for a maximum of six months to one year.

Long-term disability (LTD) policies usually begin paying benefits 30 to 180 days after the disability occurs, once the covered individual has exhausted sick leave and short-term disability benefits.

Quote & Buy Policy Online

Explore other insurance* you may need

*These policies can be purchased any time

For Disability Coverage, please submit the following form and we will contact you soon.