About Supplemental Insurance
Supplemental Insurance is a great way to pay for the non-medical costs of illnesses and injuries. Even with major-medical insurance, illnesses and injuries can be very costly. Examples of non-medical costs would be loss of income, co-pay and deductibles, experimental treatments, specialty care, transportation and lodging. Over 60% of all bankruptcies in the U.S. are attributed to medical expenses and 75% of those filing had traditional health insurance. When a catastrophic illness or injury happens, here are some optional ways to pay the non-medical or out of pocket expenses;
• Spending savings or Retirement funds
• Selling of assets
• Borrowing from family and friends
Most people agree, the best way to pay for these expenses is Supplemental Insurance.