Why Should I Think About Supplemental Insurance?
Supplemental insurance can provide peace of mind when life takes an unexpected turn. At Dayney Agency, we offer a range of plans—including Cancer Insurance, Critical Illness Insurance, Hospital Indemnity, and Accident Plans —designed to help protect you and your family from the financial stress that can come with sudden health events or emergencies. These policies work alongside your primary health insurance to fill in the gaps, offering extra support when you need it most. Whether you're facing a serious diagnosis, recovering from an accident, or preparing for travel, our supplemental coverage helps ensure you're not facing it alone.
Together, these policies provide comprehensive protection to help individuals and families navigate unexpected healthcare costs with confidence.
Important Supplemental Insurance to Consider
Long-Term Care Insurance
Long-term care insurance provides financial coverage for extended medical and personal care services that are not typically covered by health insurance, Medicare, or Medicaid. This type of insurance helps pay for assistance with daily living activities such as bathing, dressing, and eating, whether provided at home, in an assisted living facility, or a nursing home. With the rising cost of long-term care, this coverage helps protect savings and assets while ensuring access to quality care. Policies vary, offering benefits such as home care, adult daycare, and memory care for individuals with chronic illnesses or disabilities. Planning ahead with long-term care insurance can ease the financial and emotional burden on loved ones while securing peace of mind for the future.
Hospital Indemnity Insurance
Hospital indemnity insurance provides cash benefits for hospital stays, helping to cover expenses that regular health insurance may not fully pay. When you are admitted to a hospital due to illness, injury, or surgery, this policy pays a fixed daily, weekly, or lump-sum benefit directly to you, allowing flexibility in how the funds are used. The payout can help with deductibles, copays, transportation, lodging, or even household bills while you recover. Many Medicare Advantage enrollees use hospital indemnity insurance to offset high hospital costs that their plan may leave them responsible for. This type of coverage is an affordable way to gain extra financial security in case of an unexpected hospital stay.
Cancer Insurance
Cancer insurance is a type of supplemental insurance designed to help cover the unexpected costs associated with a cancer diagnosis that may not be fully covered by traditional health insurance. It provides lump-sum payments or reimbursement for expenses such as chemotherapy, radiation, surgery, hospital stays, and specialized treatments. Some policies also help with non-medical expenses, including lost income, transportation to treatment centers, and home care support. While health insurance covers many cancer treatments, cancer insurance helps with out-of-pocket costs, deductibles, and other financial burdens, offering an extra layer of protection and peace of mind.
Critical Illness Insurance
Critical illness insurance provides a financial safety net if you’re diagnosed with a serious condition like cancer, heart attack, or stroke. It offers a lump-sum payment that can help cover medical bills, living expenses, or other costs while you focus on recovery, giving you and your family added peace of mind during a challenging time.
Accident Insurance
Accident insurance is a smart way to help protect yourself and your family from the unexpected costs that can come with injuries. Whether it’s a slip, a fall, or a sports-related mishap, accidents can lead to medical bills, lost wages, and other out-of-pocket expenses—not always fully covered by your health insurance. Accident insurance provides a cash benefit directly to you, which you can use however you need: for medical care, household bills, transportation, or recovery support. It’s an affordable layer of protection that helps you stay financially stable while you focus on healing.
Short-Term Care Insurance
Short-term care insurance is designed to provide temporary coverage for individuals who need care due to an illness, injury, or recovery from surgery but do not require long-term care. It typically covers stays in nursing homes, assisted living facilities, home health care, or rehabilitation centers for periods ranging from a few months to one year. Unlike long-term care insurance, short-term care policies have lower premiums, fewer underwriting requirements, and faster benefit payouts, making them a more accessible option for many individuals. This type of insurance is ideal for filling gaps in Medicare or other health plans, ensuring financial support while you regain your independence.