Why Choose Supplemental Benefits?

As the medical costs of caring for critical illnesses rise in this country, so do the nonmedical—or out-of-pocket—costs associated with these illnesses. A supplemental health insurance product like those marketed by Platinum can be a smart addition to a family’s healthcare plans.

No one expects to be diagnosed with a major illness or to spend time in the hospital. But, if someone were to find their self or a family member in this situation, would they be financially prepared to pay the increasing costs associated with these circumstances?

Take for example the cost of continuing cancer care, which is expected to increase by 31.6 percent from 2010 to 2020, according to the National Cancer Institute.1 And, according to a 2014 report by the American Cancer Society, 60 percent of the total cost of cancer is nonmedical, which means it’s not covered by major medical insurance. 2

Supplemental insurance policies marketed by Platinum Supplemental Insurance are designed to help pay those out-of-pocket expenses associated with a major illness or hospitalization. This means a customer can use the policy benefits to pay their major medical insurance deductibles or help make up for lost income if they’re unable to work. Platinum-marketed policies are there to help when customers need it most to help them focus on recovery, not their expenses.

With supplemental insurance, customers can assess their family’s coverage options and find a policy that meets their unique needs and situation. We never know when an accident or major illness may happen, but we can protect against the unexpected. Purchasing supplemental insurance before these common situations occur allows customers to budget and plan for the protection needed for their home, farm and family.