These days, the topics of health care and health care plans seem to be constantly on everyone’s mind. Medicare, group healthcare, supplemental health insurance, eye insurance plans, dental insurance plans…there are so many plans, so many details, so many options and so many restrictions that the process can seem overwhelming.
But it doesn’t have to be that way. The plan offered with supplemental health insurance is a manageable option within the scope of a realistic process. But what is supplemental health insurance?
Supplemental health insurance is, basically, a type of health insurance ‘policy’ that you can purchase on your own in addition to the plan you currently have. It will be designed to cover things that might not be covered by the insurance plan in which you are currently enrolled. These may include, for example, copayments, deductibles and coinsurance.
And since (according to Gallup from January of 2015), the number of Americans under the age of 65 who have have health coverage through their employer totals 40%, both the concept and the practice of supplemental health insurance seem to be doing something very right.
With this statistic in mind, let’s look at supplemental health insurance and health care plans to get an overview of the benefits for people in general, for an employer and for employees.
We all know that medical insurance plans and individual health insurance plans are extremely expensive. Cobra health insurance, a cancer insurance policy and all the other options do exist–but for a price. They are available, but they are also very expensive.
It is a fact that most people–60%–consider the benefits offered by a company as a major factor when making a decision about accepting a job. This system works–currently, for example, the number of Americans with private dental coverage (that is, through a group plan medical care benefits. or an employer) is approximately 90%. Clearly, people are willing to participate in employee-based plans or other programs such as supplemental health insurance.
Another statistic as of March 2017 from the Bureau of Labor Statistics clearly shows that Americans employed in the private sector are interested and eager for health care plans and supplemental health insurance–and that employers are willing to offer this benefit to employees. The Bureau reported that 85% of full-time workers and 19% part-time workers had access to medical benefits.
For employers and employees in the U.S. this is definitely a step in the right direction. Group healthcare plans and supplemental health insurance together show that combined efforts can yield they type of results that are of ‘benefit’ to all.