Even if you have standard health insurance, it can be hard to cover all your costs. Doctor’s appointments, medications, tests – these are just some of the benefits your existing health insurance probably offers. But many Americans are left holding hefty bills after medical procedures or an illness – costs that health insurance policies usually don’t cover at 100 percent, or at all.
Supplemental health benefits help in these situations. Greg Feste, CEO of Rezilient Direct, a health insurance specializing in supplemental benefits, provides advice for families navigating the high cost of healthcare
“When a serious illness hits your family, you may be unprepared to handle the costs associated with it,” says Feste. “A chronic illness or hospital stay may negatively affect your family’s finances and strike a blow to your savings – or even your ability to meet your monthly bills. That’s where supplemental insurance can help.”
If you want to cut off unmanageable healthcare expenses before they happen, Feste recommends assessing your situation. “Supplemental health insurance policies help in a variety of situations,” reports Feste. “You may incur unexpected costs even with a covered illness, or a hospital stay may prevent you from paying everyday living expenses. If you’re undergoing treatment or recovering from an illness, supplemental health can even cover income loss during that time.” It’s these kinds of costs that can bring your family to a state of hardship.
Before you invest in supplemental health, it’s important to understand the types of situations that may require it. “If you’re self-employed, have kids in the home, you’re on Medicare, or your finances are already tight, you could probably benefit from supplemental benefits,” advises Feste.
With a supplemental policy, you’ll get peace of mind that you’ll be able to cover expenses associated with cancer treatment or a heart attack or stroke. A disability, which causes many families to ultimately file bankruptcy, is typically covered by a standard health insurance plan, but results in many additional expenses not covered by that policy, such as the loss of income from not being able to work. If you purchase a supplemental health policy to protect yourself from this kind of situation, the supplemental coverage can prevent you from going under financially.
Older Americans are also vulnerable, dealing with limited income sources. When an illness or disease requires long-term care, supplemental coverage can help with nursing home, home medical care or assisted living.
Supplemental health insurance is beneficial in a variety of scenarios and for many families. The first step in purchasing a policies involves understanding your existing coverage. “It’s important to work with a professional who can guide you through examining your regular health insurance policy to identify areas where you’re vulnerable,” says Feste. “Then, you can purchase supplemental benefits that meet the needs of you and your family.”
If you’re interested in supplemental health benefits and would like to know more about the gaps in your existing coverage, don’t despair. Work with a trusted professional, identify your needs, and confidently purchase coverage that will help you avoid a financial disaster. With this kind of peace of mind, you and your family can get through any medical condition that comes your way.
Greg Feste knows what it’s like to experience medical and financial hardship. In fact, it was after his cancer diagnosis that he discovered just how valuable a supplemental health policy could be. “Without it, my family would have struggled to pay the mounting medical bills,” says Greg Feste.
Even with a robust health insurance policy, Feste saw his bills spiraling out of control. With a safety net, however, he didn’t have to worry about bills and mounting financial debt while dealing with a challenging medical condition. That’s what motivated Feste to provide supplemental health insurance to others.
“Rezilient Direct was born out of a challenging experience,” reports Feste. “Our company is committed to helping others confidently deal with similar medical hardships. Because I learned from first-hand experience the effects that a medical condition can have on a family’s finances, I know intimately what’s it’s like. And I’m committed to protecting other’s finances and help them through a medically trying time.”
If you want to work with an expert on supplemental health insurance with someone who’s been through it, Feste is a great choice. He has the empathy to know what you’re going through and the expertise to guide your selection in supplemental health.