Introduction: As we age, it becomes increasingly important to consider additional insurance options to supplement our basic health coverage. Supplemental insurance can help cover the costs of medical expenses that are not covered by traditional health insurance plans. In this article, we will explore the different types of supplemental insurance available and how to buy insurance online.
What is Supplemental Insurance? Supplemental insurance is additional coverage that helps pay for out-of-pocket medical expenses that are not covered by your primary health insurance plan. These expenses can include deductibles, copays, and coinsurance.
Types of Supplemental Insurance
- Medicare Supplement Insurance (Medigap): Medigap plans are designed to help pay for some of the costs that Original Medicare does not cover, such as copayments, coinsurance, and deductibles. There are 10 standardized Medigap plans available, each offering different levels of coverage.
- Critical Illness Insurance: Critical illness insurance provides a lump-sum payment if you are diagnosed with a covered illness, such as cancer, heart attack, or stroke. This money can be used to cover medical expenses, lost income, or other financial needs.
- Hospital Indemnity Insurance: Hospital indemnity insurance provides a fixed cash benefit for each day you are hospitalized. This money can be used to cover medical expenses, lost income, or other financial needs.
- Accident Insurance: Accident insurance provides a lump-sum payment if you are injured in an accident. This money can be used to cover medical expenses, lost income, or other financial needs.
Insurance Companies in Kenya When considering supplemental insurance options, it’s essential to research the insurance companies offering these plans. In Kenya, for example, there are several insurance companies that provide health insurance coverage, including supplemental insurance plans. Some of the top insurance companies in Kenya include:
- Jubilee Insurance
- CIC Insurance Group
- Britam Insurance
- Madison Insurance
- APA Insurance
Each of these companies offers a range of health insurance products, including supplemental insurance plans, with varying coverage options and benefits. It’s crucial to compare the plans and companies to find the one that best meets your needs.
Conclusion: Supplemental insurance can provide valuable financial protection for unexpected medical expenses. By understanding the different types of supplemental insurance available and researching the insurance companies offering these plans, you can make an informed decision about your healthcare needs. If you’re ready to explore your options, you can buy insurance online through the insurance company’s website or a reputable insurance broker.