Supplemental Health Insurance
Supplemental health plans help defray the cost of coininsurance as individuals meet their deductibles each year.
Plans such as limited indeminity or accident only coverage are often used to supplement a major medical plan or are used to “get by” until a member’s next major medical plan begins.
Supplemental Insurance Plans
Comprehensive Accident Medical (CAM)
A simple accident like a broken bone or torn muscle can cost thousands of dollars. CAM can provide coverage for people with high deductibles, as a temporary solution while in-between jobs, an affordable alternative to Major Medical and by college students looking for coverage.
Comprehensive Accident Medical (CAM) is guarenteed issue with no medical questions or exam for those under the age of 65.
CoreHealth Insurance from United States Fire Insurance Company
Each year 80.1 million people visit doctors, outpatient treatment and emergency rooms for injuries.
CoreHealth Insurance is a guaranteed acceptance Limited Indemnity Medical coverage for basic needs. The coinsurance for all visits, doctors and procedures is a fixed dollar amount.
Smart Accident Plus
A study done by Harvard University suggests that more than 62% of all personal bankruptcies are caused by the cost of overwhelming medical expenses.
With SMART Accident Plus, individuals may lower their out-of-pocket medical expenses in the event of a covered accident or critical illness.
GAP Assurance Plan
Coverage up to the benefit max for accidents and serious illnesses that can help pay a medical plan’s high deductibles, coinsurance, copays, & other out-of-pocket costs.
The GAP Assurance Plan pays cash to the beneficiary that may be used for mortgage payments, credit card bills, car loans, daycare or other personal costs.
This plan combines four types of coverage into a single membership plan. Accident, Accidental Death & Dismemberment and Term Life Coverage. MedElite Plus Members have access to a cancer lump sum benefit and a Limited Specified Disease Benefit Rider for Heart Attack and Stroke.
In the unfortunate event that an insured person suffers a dismembered limb, passes away, or loses of sight, speech, or hearing due to a covered accident, MedElite will pay the beneficiary up to the benefit amount. If a spouse and/or children are on the policy, they are covered at the same percentages.
* Supplemental health insurance is often a lower-cost alternative to COBRA. However, if you purchase Short Term Medical rather than maintaining COBRA coverage, you may give up your rights to coverage for pre-existing conditions or guaranteed health insurance in the future. Short Term Medical benefits may be limited compared to COBRA coverage.
Who Uses Supplemental Health Insurance?
Using temporary Supplemental Health Insurance can help bridge a gap before an indivudal starts their next traditional major medical plan. STM insurance does not have specific enrollment periods. Coverage is available next day.
In Between Jobs
Consider Supplemental Insurance for about half the cost of COBRA*. Short Term Medical offers next-day coverage to help bridge the Insurance gap.
Waiting For Employer Benefits
Often new employers have a waiting period before eligibility for health benefits. With Short Term Medical, individuals may stay insured and can choose their own plan duration.
Temporary or Seasonal Employees
Individuals whose employment schedule is unpredictable can find it hard to maintain health coverage. Supplementary offers you affordable, flexible coverage options.
Adult Children Losing Dependent Status
At age 26, children lose dependent status and may no longer be included on their parent’s health plan. Supplemental insurace is an affordable way to guard against unexpected medical bills.