Generally, when an unexpected accident, illness or disability occurs, your expenses fall into two categories:
DIRECT TREATMENT EXPENSES
Major Medical heaath Insurance – normally pays usual and customary charges affliated with your final hospital and medical bill. Once you’ve covered your annual deductible and copays, you're responsible for the remaing balance with regard to your impatient hospital stay, your primary care physician and surgeon services, in additon to anesthesia, radiologist, prescribed medication, nursing, etc.
WITH HEALTH INSURANCE THEY PAY
80% of all medical costs - You pay the remaining 20%
INDIRECT OUT-OF-POCKET EXPENSES
When you've lost the ability to make a paycheck, direct cash benefits from a properly structured indemnity insurance policy, will help you and your family pay for but not limited to the following out-of pocket expenses during your recovery period. Cash benefits can be used for travel expenses, lodging, meals, childcare, special diets, home care, hospice, in addition to your fixed – monthly household expenses like your mortgage/rent, utilities, food, car payments, etc., at a time of diminished earning power.
WITH CASH BENEFITS YOU PAY
100% of all costs outside of direct medical bills
How long could you live without your regular paycheck?
How would you or your family meet monthly expenses and ongoing bills?