In retirement, almost nothing provides more peace of mind than good health and financial wellness. Supplemental health insurance can provide extra help to get you there. These include:
- Hospital Plans
- Critical Illness Plans
- Heart/Stroke Plans
- Cancer Plans
Specifically, these kinds of plans protect you from high out-of-pocket expenses related to a covered illness or hospital stay that can take a large chunk out of your retirement. These are both medical and non-medical costs that can come with illness, and that original Medicare and Medicare Advantage do not cover. Many of these plans pay cash benefits directly to you to use how you desire.
Research shows that individuals aged 65 to 84 tend to have the most expensive medical services and account for almost 30 percent of all inpatient hospital stays. With these statistics, and as doctor and hospitalization costs continue to rise, consider a supplemental health plan as an affordable strategy to protect your nest-egg.
