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 is a smart addition to your family’s healthcare plans.
No one expects to be diagnosed with a major illness or to spend time in the hospital. But, if you find yourself or a family member in this situation, are you 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 you can use the policy benefits to pay your major medical insurance deductibles or help make up for lost income if you’re unable to work. Your Platinum-marketed policy is there when you need it most to help you focus on your recovery, not your expenses.
With supplemental insurance, you can assess your family’s coverage options and find a policy that meets your unique needs and situation. You never know when an accident or major illness may happen, but you can protect against the unexpected. Purchasing supplemental insurance before these common situations occur allows you to budget and plan for the protection needed for your home, farm and family.
1Graph by Cancer Site & Phase of Care. National Cancer Institute. Retrieved on 2017, Jan. 25. Retrieved from https://costprojections.cancer.gov/graph.php.
2Cancer Facts & Figures 2014. American Cancer Society. Retrieved from http://www.cancer.org/acs/groups/content/@research/documents/webcontent/acspc-042151.pdf.
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