Supplemental expensed reimbursed insured plans offer coverage for both routine and unexpected out-of-pocket healthcare expenses. This is an important difference from other types of supplemental plans that fall into the category of indemnity-based or voluntary plans.

Essential Guide to Supplemental Insurance

Voluntary plans only offer coverage when narrow conditions are met. If the specific event (such as a hospital stay or a specified disease) does not occur, then there is no coverage at all. For example, a cancer insurance policy would not cover expenses incurred due to a heart attack.

Unlike voluntary insurance, expense reimbursed insurance does not require a specific event or disease to trigger coverage. Instead, employees simply submit claims for their out-of-pocket expenses covered under the insurance plan and receive reimbursements per the policy limit.

Essential Guide to Supplemental Insurance

Voluntary plans only offer coverage when narrow conditions are met. If the specific event (such as a hospital stay or a specified disease) does not occur, then there is no coverage at all. For example, a cancer insurance policy would not cover expenses incurred due to a heart attack.

Unlike voluntary insurance, expense reimbursed insurance does not require a specific event or disease to trigger coverage. Instead, employees simply submit claims for their out-of-pocket expenses covered under the insurance plan and receive reimbursements per the policy limit.

Expense Reimbursed Insurance Picks Up Where Indemnity Can’t

As this illustration shows, expense reimbursed insurance is the only type of supplemental that would reimburse for all these expenses since this type of plan is not limited by condition.

Expense Reimbursed Insurance Picks Up Where Indemnity Can’t

As this illustration shows, expense reimbursed insurance is the only type of supplemental that would reimburse for all these expenses since this type of plan is not limited by condition.