I have supplemental insurance for heart attack and stroke. I recently had a heart attack and was wondering how they determine how much supplemental insurance pays. I am a state employee of North Carolina and have the state insurance but I have supplemental insurance with American Heritage.
2006-10-27 07:04:41 · 6 answers · asked by Calill C 6 in Business & Finance ➔ Insurance
It sounds like you have a type of policy known in the insurance industry as "Dreaded Disease" coverage. This typically provides a daily or monthly benefit if the covered insured is diagnosed with the diseases named in the policy (i.e. cancer, heart attack, stroke, etc). Some of these policies provide an extra benefit if you're hospitalized due to the condition.
There's no single way these policies pay out. Some pay according to a monthly (or daily) benefit; others pay according to an indemnity (dollar) amount listed in the policy.
I know insurance policies are boring, but you'll have to read through it to confirm how much you'll get. If you have any questions, please feel free to send me a message through YA.
2006-10-27 07:17:11 · answer #1 · answered by Suzanne: YPA 7 · 0⤊ 0⤋
Calill C,
If you have a primary insurance and a supplemental insurance they will battle each other on the amount they will pay sometimes. My guess is your primary will only pay what they feel they have to pay and leave the rest to the supplemental to pay. Some primary insurnce companies will refuse to pay anything until the supplemental pays there share and vice versa. The policy of these coverages will say in them what they will pay.
TDCWH
2006-10-27 14:13:22 · answer #2 · answered by TDCWH 7 · 0⤊ 0⤋
I am no expert, but, I would think supplemental insurance would be the difference between what you are recieving from your NC state insurance and the amount you are compensated for your job.
2006-10-27 14:10:04 · answer #3 · answered by jim 6 · 0⤊ 0⤋
I am not sure about the company you are insured with, but most companies pay about what your take home pay would be if you were working.
Good Luck.
2006-10-27 14:07:40 · answer #4 · answered by Aliz 6 · 0⤊ 0⤋
It is about 2/3 of your gross income per pay period. Taxes can be taken out if you want. If you don't take taxes out now, you must pay them come tax time.
2006-10-27 15:07:13 · answer #5 · answered by brownskeith 1 · 0⤊ 0⤋
good one! it depends on the car, how your record is... and how old the car is.
2006-10-27 14:07:21 · answer #6 · answered by Jewish Steve Koro 3 · 0⤊ 3⤋