Get Reimbursed for your Out-Of-Pocket Expenses
due to an unexpected accident or illness
Generally, when an unexpected accident or illness occurs, your expenses fall into two categories:
DIRECT TREATMENT EXPENSES
Your Major Medical Insurance – normally pays their share of cost of e.g., 80% of usual and customary charges of your hospital and medical bill, once you’ve covered your annual deductible and copays. It also pays your impatient hospital stay, primary care physician, surgeon, anesthesia, radiologist, prescribed medication, nursing, etc.
Usually 80% of all medical costs / You pay the remaining 20%
INDIRECT OUT-OF-POCKET EXPENSES
You or Your Family pays, with its own financial resources or with a direct cash benefits from a properly structured indemnity insurance policy, the following out-of-pocket expenses: Travel expenses, lodging, meals, childcare, special diets, home care, hospice, in addition to your fixed – monthly household expenses like mortgage/rent, utilities, food, car payments, etc., at a time of diminished earning power.
100% of all costs outside of direct medical bills
Protecting your paycheck, and your lifestyle from the significant expense
experienced from a long-term accident or illness, disability, cancer treatment or an extended hospital stay is essential to protecting your overall financial foundation.
If you are off of work for an extended period of time
How long could you go without your regular paycheck?
How would you or your family meet monthly expenses and ongoing bills?