MEDICAL REIMPURSEMENT/ANCILLARY SUPPLEMENTAL HEALTH INSURANCE
What is ancillary supplemental health insurance? It is reimbursement coverage on physician's office visits, emergency room, hospital, surgical, and anesthesia for sickness or injury. Ancillarysupplemental health insurance is also known as a limited benefit insurance or indemnity policy. This type of insurance can be used in conjunction with other insurance to cover high deductibles or it can be used as a stand alone. The benefits are fixed, no matter what your medical expenses are.....it will only pay for a specific amount of the cost per day for what is stated in your policy for such services. Example: If you go to the doctor, and your in office medical treatment is $115, your ancillary limited health insurance may cover $100 of it, leaving you with only $15 out of pocket expense. Usually these kind of policies offer more coverage for injuries than they do for sickness. Once a claim is filed, the cash benefits can go directly to you or to the care provider.
Sain's Insurance has insurance carriers who offer $50 to $160 per day for doctor's visits, $500 to $6,000 per day for hospital stays, $100 to $1,500 per day for surgical and anesthesia, $50 to $400 per day for emergency room visits. Additional daily benefit are available for ambulance, x-rays, and lab work. Most of the time, ancillary insurance will pay for as many as 30 consecutive days in the hospital, with a cut off after the 30th day. In other words, if you are in the hospital for 5 days and you have a health reimburement policy enforce that will pay a fixed amount of $6,000 per day for each day you are in the hospital, this will yeild you a total benefit in the sum of $30,000......payable to you or the hospital services where rendered. Coverage amounts are available to all age groups and their family. To get a free instant quote, just click the button below.