Supplemental Insurance - Althea Johnson Agency - Hicksville, NY

Supplemental Insurance

Good Supplemental Insurance Coverage

What is it?

Supplemental insurance is basically extra added insurance coverage protection that a person can buy so as to be financially helped with the often notable out of pocket pay-outs for a myriad of services and other expenses that a normal insurance policy either will not cover or for which it won’t provide enough compensation. It essentially fills in the gaps for you and provides payments to you to help cover such costs as co-pays, coinsurance charges, deductibles and more.

How it functions

It may not hit home until a crisis strikes, but all of these additional charges often add up to shocking levels should you not have the added protection of good supplemental insurance coverage. Supplemental coverage policies work to provide you with a cash benefit that comes in the form of a lump sum payment or is paid out over an extended period of time.

How it applies

A policyholder can take advantage of these payouts for any number of things, including the replenishing of lost wages, any transportation costs that are related to healthcare, or to even pay for food, medication, rent or mortgage payments, to name just a few. Often big expenses you might incur can be handled with this coverage should you find yourself the victim of an illness or injury.

The Benefits

Supplemental insurance assists you greatly by allocating extra financial help when needed for unexpected costs. There is also the invaluable peace of mind it gives a policyholder in knowing that he or she is protected beyond the parameters of traditional policies.