Supplemental Insurance
Supplemental Insurance is extra or additional insurance that you can purchase to help you pay for services and out-of-pocket expenses that your regular insurance does not cover.
What is supplemental insurance?
Some supplemental insurance plans will pay for out-of-pocket medical expenses, such as deductibles, copayments, and coinsurance. Other supplemental plans may provide you with a cash benefit paid out over a period of time or given to you in one lump sum.
This type of health insurance coverage offers cash benefits to pay for out-of-pocket costs not covered by your health insurance plan. The four types of supplemental insurance include:
- Accident: Coverage for injuries caused by an accident.
- Hospital: For a hospital stay, receive a lump-sum payment upon admission and a per-day amount after that.
- Critical Illness: Provides a lump-sum payment after a diagnosed critical illness.
- Cancer: Multiple payments after a cancer diagnosis.
Why Is supplemental insurance Important?
- Enhanced Protection: Offers additional financial security for unexpected events not fully covered by standard insurance.
- Out-Of-Pocket Expenses: Helps cover significant expenses like deductibles and co-pays.
- Income Support: Allows for specialized insurance for specific needs, such as critical illness.
- Peace Of Mind: Offers reassurance and focus on recovery without financial worries.
How much supplemental insurance do I need?
A good rule of thumb is to get at least as much coverage as you’d need to cover your deductible. You may want more than that, depending on your personal situation. Connect with one of our experienced agents to help guide you.
Get a quote for your supplemental insurance coverage!
A supplemental insurance quote shows you how much you would pay monthly or annually for your coverage. You can get a new quote for supplemental insurance any time. Want to find an insurer where you’re more than just a number? We are proud to be a Hispanic-owned financial institution with humble roots in South Texas. Give our insurance agents a call to discuss your supplemental health insurance needs and get a quote for coverage. Let’s get started today!
Rio Grande Valley – (956) 682-1722
San Antonio – (210) 572-3222
Investment & Insurance Products : NOT FDIC INSURED – NOT GUARANTEED BY THE BANK – MAY LOSE VALUE
