How to protect your finances with supplementary health insurance

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Life can be unpredictable. Accidents, injuries and illnesses are inevitable; and when they do, you should be able to focus on your recovery, without worrying about finances.

Plan for the unexpected

An Independence Blue Cross (Independence) health plan gives you the security of knowing you have access to high-quality care, including the largest network of doctors and hospitals in the region. For added peace of mind, consider combining your Independence health plan with an accident, critical illness and hospital recovery insurance plan from LifeSecure Insurance Company*, an independent company.

LifeSecure plans provide financial support when you need it most, in the event of an accident, critical illness or hospitalization. You can compensate for lost income and pay for medical deductibles, out-of-network office visits, uncovered treatments, child care, transportation to appointments, housekeeping, or anything else you may need need.

Let’s explore the plans available from LifeSecure and how they can improve your medical coverage!

Accident insurance

In the event of an accident, an Independence health plan provides benefits for covered medical services associated with an injury. But you may also want supplemental medical insurance to help cover out-of-pocket expenses resulting from an accident that can cost you financially.

That’s where LifeSecure comes in. Personal Accident Insurance from LifeSecure provides you with cash benefits paid directly to you to help offset injury-related expenses, such as copays, tests, x-rays and therapy, regardless of any other insurance you have.

accidents happen

Here is an example of how a LifeSecure accident insurance plan with an annual benefit of $10,000 can help you in the event of an accident:

Donna has a $100 deductible under her LifeSecure personal accident insurance plan and has incurred $8,800 in out-of-pocket medical expenses, including the costs of deductibles, copayments and coinsurance. His benefit payment would be $8,700.

Limited - Supplemental Medical Insurance Plan Image 1

Critical illness insurance

When you or a family member face a major health issue, like a heart attack, stroke or cancer, a critical illness insurance plan from LifeSecure can help pay for the expenses that critical illness plans can help you. ‘traditional insurance does not cover, such as loss of income. , mortgage payments or other household bills, medical deductibles, rehabilitation and treatment not covered.

LifeSecure critical illness insurance plans provide a lump sum cash benefit upon diagnosis of a covered illness to help pay for these expenses. Below is a table that details the percentage of the benefit amount you will receive upon first diagnosis for several commonly covered conditions.

Limited - Additional amount payable

Protection for the whole family

With a critical illness insurance plan, you’ll have the security of knowing that everyone in your family is covered:

• If you include your spouse or partner, their benefit amount will match yours.
Each dependent child is automatically covered by a benefit of $2,500, at no additional cost.
A subsequent diagnosis of a different critical illness also qualifies for payment.

Hospital recovery insurance

An Independence health plan provides benefits to help with medical costs resulting from hospitalization or treatment in an observation unit. By combining your medical plan with LifeSecure Hospital Recovery Insurance, you can extend your protection beyond your hospital stay.

A hospital recovery insurance plan provides cash benefits for each covered day of hospitalization, independent of any other insurance you have. Benefits can help pay for anything you need during your recovery, including transportation, delivery or takeout meals, or help around the house.

Focus on recovery, not finances

In the event of hospitalization, here is an example of how a LifeSecure hospital recovery insurance plan with a benefit amount of $10,000 can help:

Cindy selects a daily benefit amount of $500. She was then hospitalized for four days after back surgery. Upon discharge, Cindy’s benefit will be $2,000.

Limited - Supplementary Medical Insurance Image 2

Protect yourself

You can’t predict where life will take you, so be prepared. LifeSecure’s plans offer affordable, reliable coverage to provide financial support when it really matters. Visit the LifeSecure website to learn more about their plans and get an instant quote.

*Independence Blue Cross is an independent licensee of the Blue Cross and Blue Shield Association. The products listed are offered by LifeSecure Insurance Company, an independent company. These are not Blue Cross products. Independence Blue Cross acts solely as an agent for LifeSecure. LifeSecure is solely responsible for the administration of its products.

LifeSecure Insurance Company (Brighton, MI) underwrites and assumes full financial responsibility for accident, critical illness and hospital recovery insurance products. The products listed are offered by LifeSecure Insurance Company, an independent company. These are not Blue Cross or Blue Shield products. LifeSecure is solely responsible. LifeSecure and the logo are trademarks of LifeSecure Insurance Company.

These policies include limitations and exclusions. Refer to the cover or policy overview. This is an insurance solicitation.

1 In AP: the specified disease is called serious disease

2 In NH: this disease is called severe stroke

3 In CA: This disease is called Confined Cancer in its Site of Origin

4 In CA: this disease is called excluded skin cancer

This content originally appeared on

IBX Overviews.


About Brett Mayfield

Brett Mayfield is Senior Vice President and Market President – ​​Local. He joined Independence Blue Cross in 1991 and is responsible for new business and retention for Independence’s Consumer, Small Group and Middle Market segments. Brett graduated from Shippensburg University in Pennsylvania with a bachelor’s degree in criminal justice. He currently resides in Maple Glen, Pennsylvania with his family.

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