There are a wide variety of insurance products that can be used to tailor coverage to specific needs and concerns. These items can be used to fill holes in coverage that you already have, or can be purchased to offer stand-alone benefits.
Short Term Health
This insurance is designed to bridge temporary gaps in your healthcare coverage during times of transition. Coverage can be obtained as quickly as the next day. Short-term health insurance does not meet the minimum essential coverage requirements under the ACA (Affordable Care Act), and will not prevent a penalty for gaps in coverage.
Hospital Indemnity Plans
With health insurance costs on the rise, individuals have been forced to choose plans with higher deductibles and out-of-pocket costs. Upon admission into a hospital, these plans are typically designed to pay a lump-sum of money, directly to the member, regardless of whether they have additional health insurance. Some policies also pay a flat amount for things like regular office visits and outpatient surgeries.
This insurance typically pays a tax-free, lump-sum benefit to the member upon diagnosis of an illness such as a heart attack or stroke. Medical expenses were responsible for 60 percent of all U.S. bankruptcies in 2007 and 78 percent of these individuals had health insurance.*
Routine dental care is important not only for your oral health, but also for your overall health. Traditionally, dental insurance covers the majority of preventive related costs such as exams and cleanings, and reduces the cost for basic and major services such as fillings and crowns.
This insurance reduces the cost of vision related care, such as eye exams, eyeglasses, contact lenses, etc. that are not traditionally covered by major medical insurance.
*American Journal of Medicine, August 2009, Harvard Medical School study