Limited Medical Insurance
What is Limited Medical Insurance?
Limited Medical is supplemental insurance that pays you fixed benefits to help with every day medical expenses. You can use its benefits alone or in addition to your primary insurance to give you extra help with those unavoidable out-of-pocket expenses and other costs major medical doesn’t cover. Your Limited Medical insurance will pay you a predetermined, set amount for common inpatient and outpatient services like doctor and wellness visits, daily hospital room, surgery, diagnostic and ambulance service. Benefits the average person can use. They can also include benefits for accidental death, fracture, burn and critical illness depending on the plan you choose.
There are no deductibles or coinsurance for Limited Medical coverage, and what’s more, you can use the payments from your Limited Medical insurance to help pay the deductibles and coinsurance from your major medical plan.
For those with a high-deductible insurance plan, with Limited Medical insurance you can have coverage even before your primary coverage kicks in.
Why do I need Limited Medical Insurance?
At some point most everyone needs medical attention, and even with a comprehensive primary insurance plan, the cost of healthcare is still expensive. Whether you have a high deductible major medical plan and need something to bridge the gap until the deductible is met or just need a little help controlling out-of-pocket costs, Limited Medical Insurance can be your solution.
Limited Medical Insurance Benefits
Outpatient Benefits Include:
- Physician Office Visit
- Wellness Benefit
- Emergency Room
- Diagnostic, X-ray and Lab Benefit
- Outpatient Surgery
- Ambulatory Surgical Center
- Ambulance Services
- Accidental Death
- Dislocation Benefit
- Fracture Benefit
- Burn Benefit
- Critical Illness
Inpatient Benefits Include:
- Hospital Confinement
- Intensive Care
- Inpatient Surgery
- Anesthesia
- Continuous Care
- Substance Abuse
- Mental Illness
Frequently Asked Questions
What are supplemental health plans?
Supplemental health insurance is meant to work with your primary insurance plan to help pay some of the costs your primary plan doesn’t cover. It pays a fixed cash benefit and usually does not have copays or deductibles.
Are there different types of supplemental health plans?
Yes. There are plans for specific diseases such as cancer and other critical illnesses; accidents, accidental death, dismemberment, or confinement to a hospital. These usually pay cash benefits in a lump sum. There are also limited benefit plans that pay predetermined benefit amounts for a variety of medical needs such as doctor visits, ER, diagnostic tests, and x-rays.
What is Accident insurance and why should I consider purchasing an Accident plan?
At some point, almost everyone will experience an accident. However, it’s the severity of the accident that will be different in each case. If you have an accident that requires medical attention, like a broken bone or a serious burn, you may need extra money for any number of unexpected expenses like an ER visit, renting crutches, or even hiring someone to help with chores if you were temporarily disabled.
Accident insurance pays preset benefits for covered accidents and there are usually no coinsurance or deductibles. You can use your benefits however you need them. They can even be used to help cover the coinsurance or deductibles from any other insurance plan you may have.