Supplemental Insurance

Let's plan for the unexpected.

Why Should I Think About Supplemental Insurance?

Long-term care, hospital indemnity, and short-term care insurance each provide essential financial protection for different healthcare needs. Long-term care insurance helps cover the costs of extended personal and medical care, such as home health services or nursing home stays, ensuring financial security for those with chronic conditions. Hospital indemnity insurance offers cash benefits during hospital stays, helping to offset deductibles, copays, and other out-of-pocket expenses not covered by traditional health plans. Short-term care insurance provides temporary coverage for individuals recovering from illness, injury, or surgery, offering financial support for stays in nursing homes, assisted living facilities, or home care settings.

Together, these policies provide comprehensive protection to help individuals and families navigate unexpected healthcare costs with confidence.

Important Supplemental Insurance to Consider

Long-Term Care Insurance

Long-term care insurance provides financial coverage for extended medical and personal care services that are not typically covered by health insurance, Medicare, or Medicaid. This type of insurance helps pay for assistance with daily living activities such as bathing, dressing, and eating, whether provided at home, in an assisted living facility, or a nursing home. With the rising cost of long-term care, this coverage helps protect savings and assets while ensuring access to quality care. Policies vary, offering benefits such as home care, adult daycare, and memory care for individuals with chronic illnesses or disabilities. Planning ahead with long-term care insurance can ease the financial and emotional burden on loved ones while securing peace of mind for the future.

Hospital Indemnity Insurance

Hospital indemnity insurance provides cash benefits for hospital stays, helping to cover expenses that regular health insurance may not fully pay. When you are admitted to a hospital due to illness, injury, or surgery, this policy pays a fixed daily, weekly, or lump-sum benefit directly to you, allowing flexibility in how the funds are used. The payout can help with deductibles, copays, transportation, lodging, or even household bills while you recover. Many Medicare Advantage enrollees use hospital indemnity insurance to offset high hospital costs that their plan may leave them responsible for. This type of coverage is an affordable way to gain extra financial security in case of an unexpected hospital stay.

Short-Term Care Insurance

Short-term care insurance is designed to provide temporary coverage for individuals who need care due to an illness, injury, or recovery from surgery but do not require long-term care. It typically covers stays in nursing homes, assisted living facilities, home health care, or rehabilitation centers for periods ranging from a few months to one year. Unlike long-term care insurance, short-term care policies have lower premiums, fewer underwriting requirements, and faster benefit payouts, making them a more accessible option for many individuals. This type of insurance is ideal for filling gaps in Medicare or other health plans, ensuring financial support while you regain your independence.