*Welcome to Pars Financials! As a Licensed Life and Health Insurance Agent, and IRS Enrolled Agent, I am Here to Assist You Find the Most Suitable Health and Life Product for You! You Can Call me at 954-657-1503 or Fill out the Below Contact Form at Bottom of the Page.
What is an Sickness Protection Plan?
Accident Protection is one Type of the Indemnity Plans, which reimburses the Individual for an Illness in form of a Cash Payment.
What is an Indemnity Plan?
Before Beginning, You have to Know Understand that Indemnity Plans are NOT a Health Insurance. When you Have a Health Insurance, Your Insurance will Reimburse Your Doctor, or Pharmacy for a Medical Services Offered to You.
An Indemnity plan Reimburses You , the Patient a Sum of Money based on the Schedule of Payments for Each Medical Service You Received.
That being Said, In case of an Accident Protections Plan, If You End up going to Doctor’s office or Hospital for an
Illness , Once You received Your Treatment, You will File a Claim, and You will Get a Sum of Money.
—->>> For a Doctor Visit, You Maybe Eligible for $50 to $150 Depending on the Coverage Tier You Have.
—->>> For Hospital Admission, You May be Eligible for $1,500 to $3,000 Per Day, Depending on the Coverage Tier You Have.
Why Should I Get a an Illness Protection Plan?
Typically, People who Have High Deductibles and/or Out-of-Pocket Maximum, Purchase and Illness Protection Plan to Supplement themselves in Case of an Injury. You Have to Remember that Your Health Insurance Only Pays the Provider and Leaves You with No Money for the Time You Missed Out at Work and to Pay Your Bills, because of Your Injury. Also, You Can Use the Cash Payment for any Way You Deem, from Medical Fees to Simply A Day off Enjoying Yourself while on Recovery.
What Qualifies as an Illness?
An Illness is Considered any Cause of Injury that is from Inside Element. So, It is Distinguishable from an Accident which Occurs by an outside Element.
Although, There are Indemnity Plans that Combine both Illness and Accident Protection in one Single Plan, Saving You More.
