Florida Insurance … Health, Life and Beyond

Supplemental Health Insurance, depending on the level of coverage and type of plan, will pay a fixed amount for every day a woman is in the hospital due to childbirth.  As an example, for a four day stay at a hospital, the plan can pay the policyholder upwards of $4,000 or more.

In addition, depending on the level of coverage and type of plan, if any type of surgery is required (e.g., C-Section), the plan can pay a specified dollar amount for that as well (upwards of $700 or more).

Payments are made directly to the policyholder and are tax free.

The only requirement is that the applicant can’t be pregnant at time of application and can’t give birth for a certain number of months (e.g., 10 months from application date).

- Raise the deductible

- Raise the coinsurance percentage / amount

- Eliminate prescription drug coverage

- Change plan to an HSA (Health Savings Account)

- Reapply if policyholder has stopped smoking for more than 12 months

- Reapply if policyholder has lost weight and kept it off for 12 months

One way to save money when it comes to Major Medical Health Insurance is to get coverage with a high deductible and then buy Supplemental Health Insurance to help pay the deductible and coinsurance.

Supplemental Health Insurance is relatively inexpensive and pays the following:

- A fixed amount for being admitted to a hospital

- A fixed amount for every day in a hospital … pays more if in intensive care

- Surgical benefits

- A fixed amount for outpatient surgery done in an outpatient facility

- Much, much more

There is no one company that is good at everything. Things to look for are:

- Above average consumer satisfaction (e.g., J.D. Power surveys)

- Competive premium AND renewal premiums

- Above average customer service

- Timely paying of claims