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How to Know if You Have Enough Health Insurance

How to Know if You Have Enough Health Insurance

Does your health insurance give you peace of mind? Or are you worried your employer-offered coverage just doesn’t do enough?

Supplemental health benefits fill in the gaps where health care coverage falls short.

So don’t worry about hospital bills, the after-effects of a car accident or getting proper medical care after a heart attack or stroke. With supplemental health insurance, you can get the coverage you need for true peace of mind.

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Follow these steps

The best way to go about buying supplemental health benefits involves several key steps. “First, get to know your existing coverage,” says Greg Feste, CEO of Rezilient Direct. “That way, you can identify where the gaps occur and know what kind of supplemental benefits you need. The right supplemental coverage will pay for costs that won’t be covered by your primary insurance. But it shouldn’t replace your primary coverage. It’s an additional policy.”

Supplemental health insurance also offers certain benefits that your primary coverage won’t. “Think of it as a customizable benefit,” Greg Feste advises. “Many of the policies offer advantages that primary insurances don’t, such as no deductible or waiting period. Often cash benefits will be paid out to you. In addition, the plans typically don’t have contingencies, so you’ll get the benefits regardless.”

The kinds of coverage available

Before you buy the coverage, talk to an expert about the types of benefits you can get with supplemental insurance, which can cover expenses such as:

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  • Medication.
  • Hospital stays.
  • Deductibles.
  • Copayments.
  • Coinsurance.
  • Transportation.
  • Food.
  • Childcare.
  • Income replacement.
  • Long-term care.
  • Other costs associated with a hospital stay, accident recovery or illness.

Some of the most popular types of supplemental health insurance includes dental and vision, accident, critical illness, cancer, hospitalization, heart and stroke, term life and short-term disability.

Making a wise investment

Contrary to what many people think, supplemental health insurance is a cost-effective and affordable solution. “It’s a wise financial investment for people who have plans with a high deductible,” reports Greg Feste. “To keep costs low, often people will choose a high-deductible employer-provided insurance plan to lower monthly premiums. However, the downside is higher costs out of pocket.”

With supplemental health benefits, you can get some relief from these costs. Just be sure to choose a plan that ensures coverage for deductibles and related out-of-pocket costs associated with care. Plans are very affordable, with “some plans costing as little as $12 to $15 a month for an individual, and for families, it’s just slightly higher, around $20 to $30 per month,” says Feste.

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Still not sure you need supplemental health coverage? Grab a calculator and run some numbers. Add up all of the health care costs you incurred last year, including out-of-pocket expenses and deductibles. Tack on at least a $10,000 bill for a major medical event and estimate how much of that bill you’d be responsible for (this is the average lowest cost for a major medical event – should one happen to you or a family member).

Then, calculate if these costs over the year add up to more money than you’d pay for supplemental insurance. If they do, consider purchasing supplemental health benefits to prevent a major health care event from creating a devastating and lasting impact on your financial health.

For most consumers, it pays to get a supplemental plan, especially one that would cover lost wages or a mortgage payment – should you have to stay in the hospital for a long time. The coverage provides true and lasting peace of mind, for just pennies on the dollar. So what are you waiting for? Go talk to your insurance professional to review your existing coverage and discuss options for purchasing supplemental benefits.

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Featured photo credit: Flickr via flickr.com

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Last Updated on December 13, 2018

12 Practical Tips To Stay Fit For Christmas

12 Practical Tips To Stay Fit For Christmas

Christmas is approaching fast, and lots of people not only tend to ruin their usual diets, but they also gain a few extra pounds. Based on studies, the majority of people tend to gain additional weight during the holiday season that starts at the Thanksgiving Day and ends with the New Year celebrations. Excessive eating is claimed to be the main cause for the additional weight gain, but it is also due to lack of physical activity and exercise.

A lot of individuals out there tend to set aside their fitness routines during the holidays since they believe that they do not have enough time to perform their workouts. And because they feel guilty after the holiday season, most of the gyms and fitness centers are packed with fresh members. Always bear in mind that you can still enjoy the holidays and stay fit at the same time. If you want to stay fit during the holiday season, especially during Christmas and the New Year’s Eve, here are some useful tips that might help you:

1. Eat Before Heading Out

First, it is best that you eat something before heading out to visits, trips or family dinners. By doing so, you will no longer be tempted to eat a lot or overindulge yourself since you have already eaten. Skipping on meals is not a good idea either, because you will only be forced to eat more later.

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2. Select The Treats

Make sure to select the treats that you eat in a wise manner. You should choose something that you can only enjoy during the holiday season and not something that is readily available all the time.

3. Avoid Skipping Meals

Don’t skip meals, especially breakfast! Even though it can be tempting to skip on certain meals, believing that it will make up for the treats you consumed in the previous day, don’t do it because it will only lead to counterproductive results.

4. Drink With Moderation

It is best to regulate your drinking since alcohol, coke or other juices will only add more calories to the ones you already eaten!

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5. Be Active

You should still perform your fitness routine whenever possible and if you can’t do that, simply walk more, park your car some distance away from the store or just use the stairs!

6. Get Out Of The House

Make the holidays a family affair and plan outdoor activities where everyone is involved. Even a snowball fight in the backyard will burn a lot of calories and will keep the children entertained.

7. Don’t Skip Your Strength Workouts

Always remember to perform your strength training in order to maintain that muscle mass you worked hard to get. You might be tempted to use lightweights and just do some cardio, but you can burn just as many calories by lifting weights. And with all of those extra stakes you had on the holiday meals, you might even gain some extra muscle. And this is much better than gaining some extra fat.

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8. Set Realistic Goals

You should set realistic exercise objectives. Aim for at least half an hour per day and you will be very happy when you will achieve that. If you plan one hour or more and not achieve it, you will only end up disappointed.

9. Enjoy Yourself

Also make sure to set realistic diet plans! Trying to restrain yourself totally from some foods will only make you eat more. Feel free to enjoy the treats that you really love, but in small portions.

10. Drink A Lot Of Water

This can satiate your appetite as well as keep you hydrated at all times. And it will also prevent a possible hangover if you overdo it with alcohol.

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11. Eat Less And More Often

Distribute your meals evenly throughout the day, and do not eat everything at once.  Instead of having 2 enormous meals, have 5 small ones.  Eat your dinner earlier and have a nice walk before going to bed.

12. Prioritize Your Workouts

Try to do them early in the morning while everyone else is still sleeping. This way you will also avoid remarks like “Oh, come on! It’s Christmas…”

So there you go! Twelve simple tips that will help you avoid gaining weight during the winter holidays, but will also allow you to enjoy yourself and have a great time with your loved ones.

Happy Holidays everyone!

Featured photo credit: rawpixel via unsplash.com

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