Ancillary Coverage

Let's plan for the unexpected.

Why Should I Think About Supplemental Insurance?

Disability insurance and long-term care insurance provide essential financial protection for different healthcare needs. Individual disability insurance provides income protection by replacing a portion of your earnings if you become unable to work due to illness or injury for a period of time. Long-term care insurance helps cover the costs of extended personal and medical care, such as home health services or nursing home stays, ensuring financial security for those with chronic conditions. Hospital indemnity insurance offers cash benefits during hospital stays, helping to offset deductibles, copays, and other out-of-pocket expenses not covered by traditional health plans. 

Together, these policies provide comprehensive protection to help individuals and families navigate unexpected healthcare costs with confidence, offering financial security and peace of mind.

Supplemental Insurance Options

Individual Disability Insurance

Individual Disability pays benefits after you have been off work for 1 to 6 months, and will typically pay for several years or until retirement age, depending on the policy. This kind of income protection is a must for a business owner, and highly recommended for executives. Only 43% of large companies provide group long term disability insurance. If you work for a smaller company, chances are slim that you get long term disability insurance through your employer. If your employer doesn't provide disability insurance then you may want to consider an individual disability policy. Or, you may need a personal disability insurance policy to supplement an employer group plan.

Long-Term Care Insurance

Long-term care insurance provides financial coverage for extended medical and personal care services that are not typically covered by health insurance, Medicare, or Medicaid. This type of insurance helps pay for assistance with daily living activities such as bathing, dressing, and eating, whether provided at home, in an assisted living facility, or a nursing home. With the rising cost of long-term care, this coverage helps protect savings and assets while ensuring access to quality care. Policies vary, offering benefits such as home care, adult daycare, and memory care for individuals with chronic illnesses or disabilities. Planning ahead with long-term care insurance can ease the financial and emotional burden on loved ones while securing peace of mind for the future.

Hospital Indemnity Insurance

Hospital indemnity insurance provides cash benefits for hospital stays, helping to cover expenses that regular health insurance may not fully pay. When you are admitted to a hospital due to illness, injury, or surgery, this policy pays a fixed daily, weekly, or lump-sum benefit directly to you, allowing flexibility in how the funds are used. The payout can help with deductibles, copays, transportation, lodging, or even household bills while you recover. Many Medicare Advantage enrollees use hospital indemnity insurance to offset high hospital costs that their plan may leave them responsible for. This type of coverage is an affordable way to gain extra financial security in case of an unexpected hospital stay.

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