Group Supplemental Plans

With the rising healthcare costs, many employers have to restructure their benefits package, which can result in more of the cost being passed along to the employees. As an employer, you can offer supplemental plans which provide you with a lower-cost alternative to the rising health care premiums. This allows your employees to choose from different plans to accommodate the coverage that they need at an affordable rate.

Individual Health Insurance Plans That Are Right For You

As an individual or family, supplemental plans are great to offset unexpected illness or accident costs. These plans are typically much more affordable than the higher health insurance premiums because they cover specific events or illnesses. There are also supplemental coverages to help with options that Medicare doesn't cover for retirees.

Medicare Supplemental Plans

If you are turning 65 and you are offered Medicare A and B, a Medicare supplement, also known as a Medigap plan, might be the right choice for you. As you age your coverage needs change, as general rule of thumb you should revisit your coverage every 3 to 4 years to ensure that you are in the right coverage and receiving the best value.

Types Of Supplemental Plans And Their Benefits

Supplemental insurance can provide you with additional coverage and fill the gaps that health insurance does not cover. Novel Solutions can help you find plans that will benefit you and ensure that you are properly covered for many life events. Having a supplemental plan in place can help save you in an unexpected situation resulting in a large out-of-pocket expense. These plans include the following: