Limited Medical Insurance
With many major medical plans, you are stuck with paying at least a percentage of the cost even after you meet your deductible. These expenses can easily add up to be thousands of dollars out of pocket. A limited medical insurance plan may be able help keep your costs down.
What is Limited Medical Insurance?
Limited medical plans are a type of supplemental health insurance that help cover the out-of pocket expenses such as copays and coinsurance.
Limited medical plans can help ease the financial burden of you and your family. Based on the plan you select; you will receive fixed cash benefits to pay for the costs incurred by the treatment of illness or injury. Although limited medical insurance will help you cover medical expenses, this plan is not a replacement for your major medical plan. Limited Medical Insurance is intended to supplement your regular insurance and to provide an added layer of protection.
Limited Medical Insurance Plans DO NOT meet the standards of “defined minimum essential coverage” under the Affordable Care Act (“ACA”) and therefore, are not ACA compliant. To determine the steps needed to purchase defined minimum essential coverage, please call to speak with one of our licensed benefits counselors.