Some employers offer their employees the option to
buy supplemental insurance that increases coverage and does not have stipulations, such as AD&D or burial insurance.
Moreover, you may want to
buy supplemental insurance such as uninsured motorist coverage, rental car insurance, even pet insurance.
You are still able to
buy supplemental insurance for things like medical payments, but it does pay to shop around.
Someone trying to sell you rental car insurance may say your liability coverage is too low and push you to
buy supplemental insurance.
Moreover, you may want to
buy supplemental insurance such as uninsured motorist coverage, rental car insurance, even pet insurance.
Although Medicare kicks in at age 65, you may need to
buy supplemental insurance or, at the very least, budget for higher out - of - pocket health care expenses than you had while you were working.
Your first thought might be to look at
buying supplemental insurance through your employer - sponsored group plan.
Not exact matches
You may want to
buy supplemental health
insurance or long - term care
insurance to pay for expenses not covered by Medicare.
Health
insurance doesn't always cover every aspect of your physical health, or your health - related costs, which is why you can
buy supplemental health
insurance products along with your health
insurance plan.
Great - West Lifeco and IGM are both in a strong position to profit as baby boomers sign up for retirement planning services and
buy supplemental accident and disability
insurance.
Homeowners who live in a floodplain, for example, usually need to
buy supplemental flood
insurance.
If you
buy private long - term disability
insurance, including
supplemental disability, the benefit amount isn't impacted if you also qualify for SSDI.
Some networks will allow you to
buy supplemental liability coverage, but any collision
insurance must be declined.
And with the growing use of contract employees who don't receive benefits, that means young Canadians must fend for themselves and
buy their own
supplemental health and dental
insurance.
Homeowners who live in a floodplain, for example, usually need to
buy supplemental flood
insurance.
There are five main types of travel
insurance offered, although you can
buy supplemental policies to provide coverage for specific concerns such as identity theft.
You can
buy supplemental earthquake, hurricane, and flood
insurance if you live in an at - risk area.
If you don't have long - term disability
insurance through work, you should
buy a standard private long - term disability
insurance policy (LTD) instead of
supplemental.
When you
buy your own long - term disability
insurance — including
supplemental disability — the benefit amount is tax - free since you pay the policy - premiums with after - tax dollars.
If you
buy private long - term disability
insurance, including
supplemental disability, the benefit amount isn't impacted if you also qualify for SSDI.
Health
insurance doesn't always cover every aspect of your physical health, or your health - related costs, which is why you can
buy supplemental health
insurance products along with your health
insurance plan.
It's important to know this before you start your shopping journey: If you already have an employer - sponsored disability plan, the
supplemental long - term disability
insurance you can
buy on your own may be limited.
Plus, you may be offered disability
insurance as a benefit, and you can
buy a
supplemental policy that you can use if you decide to go off on your own later on.
You can
buy burial life
insurance as a
supplemental form of life
insurance coverage to beef up an existing policy.
Many employers who provide a base level of free life
insurance, also give employees the chance to
buy additional «
supplemental» coverage.
For Example: If you know that your children will need
insurance to cover orthodontic care in the coming years, and
buying a better dental plan to supplement your benefits will allow you to get them braces, then you may decide a
supplemental dental
insurance plan may be worth it.
You may also have the option to
buy supplemental group life
insurance.
In that case, you might want to
buy regular term life
insurance instead of or in addition to
supplemental life.
Because of this, you might want to start thinking about
buying supplemental life
insurance on top of your employee - sponsored plan.
You may be better off
buying supplemental travel health
insurance coverage from your current health
insurance provider, even if it is more expensive than a separate travel
insurance policy, in order to avoid a potential reduction of your lifetime maximum benefit.
It could be more advantageous to upgrade your main policy rather than
buy supplemental cancer
insurance.
Why
Buy Supplemental Life
Insurance?
If your home is among this high - risk group, you may need to
buy supplemental home
insurance.
Once you understand your life
insurance needs, you'll have to decide if it's better to purchase additional
insurance through your employer's plan OR
buy a separate
supplemental life
insurance policy.