Supplemental Insurance

Your Financial Safety Net for Unexpected Health Crises

You have good health insurance. You pay your premium every month, and you feel protected. But what happens if you face a serious medical event, like a sudden hospitalization, a cancer diagnosis, or a stroke? Even with the best major medical plan, you could still be responsible for thousands of dollars in out-of-pocket costs in the form of deductibles, copayments, and coinsurance. On top of that, your regular household bills—your mortgage, utilities, and groceries—don’t stop just because you can’t work. This is where a supplemental health insurance plan becomes your most important financial ally.

I’m Judy Pratcher, and I help my clients build a financial safety net that works alongside their primary health insurance. Supplemental plans are not health insurance in the traditional sense. Instead, they are designed to pay a lump-sum cash benefit directly to you when you are diagnosed with a specific illness or have a covered medical event. This money is yours to use however you see fit, giving you the freedom to focus on your recovery, not your finances.

How Supplemental Plans Fill the Gaps
Imagine you are admitted to the hospital for a week. Your health insurance will pay the doctors and the hospital, but only after you’ve met your deductible, which could be $5,000 or more. A supplemental plan is designed to help you cover that deductible and other expenses.

Here are some of the most powerful types of supplemental coverage we offer:

Hospital Indemnity Insurance
This is one of the most straightforward and useful plans. A Hospital Indemnity plan pays you a fixed cash amount for each day you are confined to a hospital. For example, a plan might pay you a $1,500 benefit upon admission and an additional $250 for every day you are in the hospital. This cash can immediately be used to pay your health insurance deductible, cover the cost of private room fees, or simply replace lost income while you are unable to work. It’s an affordable way to protect yourself from the high initial costs of a hospital stay.

Cancer Protection Plans
A cancer diagnosis is emotionally devastating, and the financial toll can be just as overwhelming. Even with excellent health insurance, the costs associated with treatment—including travel to specialized facilities, experimental drugs, and time off work for both the patient and caregivers—can quickly drain a family’s savings. A lump-sum Cancer Protection plan is designed to provide immediate financial relief. Upon the first diagnosis of a covered cancer, the plan pays you a large, tax-free cash benefit. This money gives you the power to seek the best possible care without worrying about the cost and to manage your household expenses while you focus on fighting and healing.

Stroke and Heart Attack Protection
Heart attacks and strokes are leading causes of serious long-term disability. Recovery can be a long road involving extensive rehabilitation, therapy, and modifications to your home. A lump-sum Stroke or Heart Attack plan works just like a cancer plan. It pays a significant cash benefit upon the diagnosis of a covered event. This money can be a lifeline, helping to cover the costs of rehabilitation that your health insurance may not fully cover, replacing lost income during a lengthy recovery period, and reducing the financial stress on your family.

Your Personal Risk Advisor
These supplemental plans are surprisingly affordable and provide an incredible amount of financial security and peace of mind. They are especially critical for individuals and families with high-deductible health plans, the self-employed, or anyone on a fixed budget who would be financially devastated by a sudden medical crisis.

My role is to help you analyze your current health coverage, identify your potential financial risks, and create a customized safety net of supplemental plans that fits your needs and budget. You protect your home and your car; let’s make sure you’ve also protected your savings from an unexpected health event.