November 18, 2015 by Tony Novak
A common question is “What supplemental insurance is available in ____ (your state)?” The response varies in each state and varies over time with plans entering and exiting the market. But perhaps the most stable and widely available supplemental insurance is Value Med. This policy pays in addition to other benefits so it is a great combination with high deductible low cost Obamacare coverage for modest income employees.
When the employer pays this cost, the benefit is excluded from the requirements of the Affordable Care Act and is a tax-free benefit to the employees. The Value Med policy might cover most of a typical employees’ medical expense for the full year before they even reach the deductible limit of their primary coverage.