Today many people are paying more money for less health insurance. Plans have become more “catastrophic” coverage leaving families with higher co-pays and higher deductibles. The “out of pocket” stress for families has risen to a disturbing level.

There are some popular solutions to these concerns. They are called “supplemental policies”. These policies pay cash directly to the insureds helping offset the cost of deductibles, loss of income from disability, and expensive tests.

They come in the form of disability income insurance, accident policies, and critical illness plans. Disability income provides income while people are out of work due to an illness or accident. This income helps the basic bills get paid. It has kept people in their homes, made car payments and kept the family financially afloat until the injured person can return to work.

Accident policies send cash payments when an accident occur. A broken leg while skiing generated a check in excess of $16,000. A broken finger from a household accident generated $1,250. Even a cracked tooth from eating popcorn received $75. The amounts are determined by the type of plan and the amount of medical care necessary. Simply spoken, an injury from an accident will generate some cash.

Critical illness policies will send lump sum payments if cancer or heart disease is detected. These lump sum payments help with the expensive and time consuming treatments of these diseases.

Supplemental policies are helping consumers in huge amounts. One company alone paid out over $12 billion in 2010. These are dollars going to individuals and families when they need them the most.

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