WHAT IS AN ANCILLARY PRODUCT?
The idea of an ancillary product is to support your Medicare Supplement or Advantage plan. Since Medicare doesn’t cover every need with your health, an ancillary product could complement your plan to help fill in the gaps.
Here are a few samples of ancillary products we use to fill in the most common gaps in coverage.
HOSPITAL INDEMNITY INSURANCE
Hospital indemnity insurance is a supplemental insurance plan designed to pay for the costs of hospital admission that may not be covered by other insurance. The plan covers individuals who are admitted to a hospital or ICU for a covered sickness or injury.
CRITICAL ILLNESS AND CANCER INSURANCE
Cancer insurance can help pay for both medical and nonmedical costs like co-pays, deductibles, lengthy hospital stays, diagnostics tests, treatments and procedures, child care, travel, lodging expenses, lost income, and more.
A heart attack, stroke, or a diagnosis of critical illness or cancer can disrupt your life physically and financially. A supplemental critical illness or cancer insurance plan can help protect your finances with lump-sum cash benefits paid directly to you. The money can be used to help pay expenses not covered by your health insurance or your everyday living expenses, including:
- Out-of-network specialists
- Travel and lodging when treatment is far from home
- Child care and household help
- Normal living expenses, such as your car payment, mortgage/rent, and utility bills