supplemental health insurance?

Question

I am a healthy 40-year-old female with no major medical problems. I recently acquired health assurance (as I am self employed) at my own cost. My premiums are $149.00 a month, with a $1200 deductible. Are there any supplemental insurances out there for healthy adults to kick in when your primary insurance has such a high deductible? I know there are supp. insurance for people whom are on Medicare, but that is not the case here. I am healthy, 40 years old, with no kids.

Answer 1

Well, the whole point of a high deductible with low premiums is that you absorb the small amount. You're pretty much guaranteed to accrue $1000 in routine testing & medical procedures during a given year. Want a fair price for supplemental insurance? Look at the cost of a plan with a $100 annual deductible, subtract the $149 a year you're paying for your current plan - that's how much the supplemental policy will cost.

In other words, if you don't want the $1200 deductible, switch to a different plan. But plan on it costing you at least an extra $1000 a year.

Answer 2

You can purchase supplemental insurance, but put a pencil to paper for this. You are spending $149 a month for insurance. If you spend another $50 for a supplement, you are spending another $600 a year just for the supplemental coverage. In my opinion, save the $600 a year and apply it toward your $1200 deductible. If you are healthy and don't use the insurance, the $600 you would have spent on the supp plan stays in your back pocket.

Answer 3

With a $1,200 deductible you would qualify for a Health Savings Account. This is a special account where you could deposit $1,200 each year as a tax deductible contribution. The $1,200 sits in this account and is used to pay the first $1,200 of medical costs not covered by insurance each year. If you don't spend the $1,200 you have it in the account for future years, you don't lose it. In fact you can keep putting in the $1,200 each year and build up a fund that can pay for health care when you retire or switch it to an IRA arrangement which would allow you to take the funds as a retirement annuity.
Your insurance agent should be able to guide you through this if not get a new insurance agent. I'm suprised they didn't bring this up when you bought the policy. Good Luck!

Answer 4

specific, in spite of the undeniable fact that this is predicated upon the situation, the corporation and what sort of supplemental plan you're needing. as an occasion: in case you have maximum cancers you may get an twist of fate supplement yet no longer a maximum cancers supplement.

Answer 5

There are different health insurance coverage you may possibly avail, but you have to choose the best deal you can afford. So for more health insurance tips and contract details, you may also browse this site http://www.upkb.com/healthinsurance.php... to learn more about your options.

Answer 6

Aflac is available to individuals.