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Tag Archives: Aflac

Is Supplemental Health Insurance A Good Idea Or A Rip Off?

pros and cons of supplemental health insurance

Supplemental health insurance plans, made popular by that annoying duck on the TV commercials, are on the rise. Aflac and its duck are now insuring over 40 million people. It’s very possible your employer might have had a presentation at work about the benefits of supplemental health insurance. With deductibles on the rise and actual coverage on the decline, it might seem like a good idea. How do you know if you need supplemental insurance coverage or if it’s a rip off? What is Supplemental Health Insurance? For those of you who aren’t familiar, supplemental insurance companies pay cash benefits for various health maladies like diseases, injuries, or hospitalizations. Their claim to fame is that they pick up the slack on things regular health insurance doesn’t cover. Because supplemental insurance companies pay cash fairly quickly after a health problem arises, agents will try to sell the idea that Aflac takes over if you are unable to work or need time off to care for loved ones undergoing health crises. Their money pays the rent while your health insurance supposedly pays the medical bills. The amount of money paid out varies depending on the policy and what is wrong. With a ...

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