How GAP Insurance Helps the Unexpected Cost For You
What is Group Supplemental Health Insurance?
When it comes to a majority of Americans, the only health insurance benefits they have are the plans offered through their employer. For some of those employees that’s enough, but what about the rest? If you have a family, dependents or pre-existing conditions, your insurance benefits may not cover it all and that’s where GAP Insurance comes in. GAP coverage helps lower employee deductibles, reduce out of pocket expenses and helps save of ever rising premium costs. The team at Lighthouse Services knows that by supplementing your primary insurance plan now, you may be saving yourself from financial disaster in the future. Our insurance plans are designed to sync with your major medical plan and act as one cohesive medical insurance plan.
Choosing the Right Health Insurance Plan
Most employers offer more than one option when it comes to the insurance and benefit plans you have to choose from. Choosing the right plan for you is the first step in protecting your health and financial future. However, having the top medical insurance plan doesn’t mean you pay your premium and enjoy an all-access pass to healthcare. The majority of health insurance plans for employees only cover a certain percentage of medical bills and expenses. A GAP Insurance plan helps you cover the out-of-pocket costs incurred along the way, like co-payments and deductibles. Lighthouse Services has access to plans that are designed to mirror benefits provided by major medical plans but act as true secondary health insurance plans. These plans have no exclusions or limitations outside of the major plan and have NO pre-existing clauses.
3 Great Benefits of GAP Insurance:
1. Reduce out of pocket exposure
2. Save Premium Cost
3. Lower Employee Deductibles
Covering the “GAP”
By having health insurance benefits you aren’t guaranteed against debt from your medical expenses. Medical costs have skyrocketed across the United States and many people end up in financial distress from the process. However, having medical gap insurance helps lessen the burden by providing coverage for many things that your regular health insurance plan doesn’t cover. A supplemental GAP medical plan does not increase the benefits you have through your primary insurance plan but it helps cover the percentages and expenses your core plan doesn’t. GAP insurance plans helps employers provide the extra coverage that their employees need.
GAP insurance plans offer options for financial protection beyond your major medical plan and can help ease the financial impact when you have unexpected medical costs. When an illness or accident happens, a medical GAP plan will pay benefits according to which policy you select. Contact the professional agents at Lighthouse Services to help you decide if a GAP policy is needed and which one is right for you. With over 17 years in the industry, Lighthouse Services is your perfect choice for your insurance and financial planning needs. Call us at 256-964-9580 today and let us help you!