Gaps In Your Work Insurance

BY FIRST FAMILY INSURANCE May 4, 2020
Responsive image

Does your employer offer health insurance options for you and your family? Do they offer different plans? What does each plan cover?  Did you know there are ways to cover any gaps that your work insurance might have? 

 

It is common for many to rely on the insurance provided by their jobs and typically these plans work well for individuals with no major health concerns. However, it is still essential to be diligent in researching each benefit of your plan to ensure that you are covered in the future. 

 

Two key factors to keep in mind are deductibles and out-of-pocket expenses. Many times, new plans offered through the workplace have an average deductible of $5,000 with an out-of-pocket expense of up to $10,000.

 

These costs can cripple your finances. For example, an unfortunate accident while preparing dinner lands you in the emergency room needing stitches in your hand. with your employer-offered health benefits, this accident could still cost you between $2,000 to $3,000.

 

A situation like this is an example of a gap in coverage that your insurance might not be able to provide ample protection for. The solution to filling these gaps is known as a plan enhancer. As the name suggests, they work with your plan to assist with situations like the one mentioned. 

 

Plan enhancers may have a zero deductible for illness or accidents that may require an emergency room visit. Additionally, if you are ever diagnosed with a critical illness such as cancer, heart attack, stroke, or one of the other qualifying diagnoses, some plan enhancers may provide a large lump sum payment. 

 

That payment can help bridge the gap between lost income and recovery. Often times, after diagnoses of a critical illness, individuals are unable to return to their previous field of work. 

 

Don't allow an accident or illness to jeopardize your financial future. Our Licensed experts can assist with finding you the correct plan enhancers for your needs. 

 

Call now at 1-800-327-5579. Allow us to assist you in determining your coverage needs.

 

Get Quote Now