Illinois Supplemental health insurance is extra or additional Health insurance that you can purchase to help you pay for services and out-of-pocket expenses that your regular health insurance does not cover.
Some supplemental health insurance plans in Illinois will pay for out-of-pocket medical expenses, such as deductibles, copayments, and coinsurance. Other Illinois supplemental health care plans may provide you with a cash benefit paid out over a period of time or given to you in one lump sum. The cash can be used to cover lost wages, transportation related to your health condition, or used to pay for food, medication, and other unexpected expenses you have due to an illness or injury.
In addition to hospital indemnity plans which provide fixed cash benefits for covered services, including hospital stays for emergencies and outpatient services, there are basic Illinois supplemental medical plans that provide fixed benefits for covered preventative medical care. For those worried about cancer, there are supplemental cancer insurance plans in Illinois which give direct cash to policy holders for cancer treatments and related expenses. For situations involving a critical condition or illness, there are policies which give lump sum benefits to help pay out of pocket expenses for heart attacks, strokes, heart surgeries, cancer, and other illnesses.
Statistics show that becoming unexpectedly disabled can be financially devastating for any family. Disability income protection helps guard against sudden lost income by providing a monthly benefit to help pay the bills. Long term care insurance helps policy holders deal with the high cost of long term care, including assisted living facilities, medical home care, adult day care, and so on. With the cost of regular health care spiraling ever higher for everyone, especially the self-employed, supplemental health insurance is becoming a must have for anyone looking to stay physically and financially healthy.