What are the Different Types of Supplemental Health Insurance Products? Insights from a Supplemental Medicare Insurance Broker in Cedar Lake, Indiana

Supplemental Medicare insurance broker in Cedar Lake Indiana

September 24, 2022

Sometimes, the primary health insurance offered by an employer is not enough to cover all the medical expenses you may incur during the year. For example, it might not cover prescriptions or in-home nursing care that you need if you have a chronic illness such as diabetes or heart disease.

If this sounds like something you might experience, supplemental health insurance could be exactly what you need to help cover those expenses. Several different types of supplemental health insurance products are on the market today, but not all are created equal. Depending on your needs and goals, some products might be better for you than others. Do you need help choosing the right option for your situation? This supplemental Medicare insurance broker in Cedar Lake, Indiana is going to explain some options you may want to consider below.

Critical Illness

Aside from dealing with the difficult emotional effects of a life-altering diagnosis, patients are faced with mounting medical bills. Fortunately, critical illness coverage can help alleviate some of that financial stress. If you are diagnosed with a critical illness, such as cancer, heart attack, stroke, end-stage renal failure, Alzheimer’s disease, blindness, paralysis, coma, transplant surgery, and amputation, your supplemental Medicare insurance broker in Cedar Lake, Indiana may recommend this type of coverage.

Hospital Indemnity

Hospital Indemnity Insurance can help cover expensive hospital visits, overnight hospital stays, intensive care unit stay, and emergency room visit. By signing up for this product, you can focus on getting better instead of worrying about your expenses.


While you can’t avoid accidents from happening, with Accident Insurance in place, you won’t have to be troubled with out-of-pocket medical expenses from serious injuries or loss of a limb. Your supplemental Medicare insurance broker in Cedar Lake, Indiana may be able to help you find specific plans that can help you make up for any lost income in the event of an accident.

Short and Long–Term Care

Recovering from a serious injury or non-life-threatening illness may take some time. If you are looking for an insurance policy that allows you to choose how you receive your care for a recovery time of less than one-year, short-term care insurance may be the way to go. The spectrum of its coverage ranges from in-home care to in-facility care and hospice care.

On the other hand, if you are unable to perform basic self-care tasks like eating, bathing, and dressing, you will require long-term care. Long-term care insurance is designed to help you with that. Long-term care insurance allows you to select where and how you receive care. It covers hospice care, ambulance services, alternative care plans, respite care, caregiver training allowance, and monitoring equipment allowance.

Medicare Supplement 

Because Medicare does not cover everything, you will still have to pay a significant amount of your medical bills through copays and coinsurance. This is where Medicare supplement insurance comes in — it can lower or completely cover your health or medical bills that Medicare does not. A standard Medicare supplement insurance policy covers coinsurance, co-payments, and foreign travel emergencies.

You won’t see a bill for health or medical expenses until your supplemental Medicare insurance provider in Cedar Lake, Indiana pays the hospital directly. Once you receive your bill, you will be charged a lower amount or nothing, depending on your plan and its coverage restrictions.

Final Thoughts

There are different types of supplemental health insurance products that can help protect you and your family if something happens to one or more of you while you are under your primary health insurance plan’s coverage. Whether inpatient care, outpatient care, or any other form of medical attention, these supplemental products can ensure that you are taken care of in just about any situation imaginable.

Looking for a Supplemental Medicare Insurance Broker in Cedar Lake, Indiana?

If you are looking for a supplemental Medicare insurance broker in Cedar Lake, Indiana, you’ve come to the right place. Senior Care Insurance Services (SCIS) has qualified and experienced insurance agents on-staff who can help you decide which Medigap policy best matches your needs and financial situation. Contact us today to schedule a free consultation.


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