Saturday, September 12, 2015

Greg Feste on The Need For Supplemental Insurance

Greg Feste is a cancer survivor, and an advocate for spreading awareness of the growing problem of being under insured. All health insurance policies have gaps in them that require additional out of pocket expenses. According to the American Cancer Association, over 60% of costs associated with cancer are non-medical, therefore not covered by primary health policies.

"Most people have no idea that supplemental insurance even exists", according to Greg Feste. Supplemental insurance is designed to cover regular medical expenses, from everyday costs, to costs that aren't usually covered by the average insurance policy.

Historically, less than 8% of the households in the United States have a supplement insurance policy. With the economy being bad, many individuals are being forced to elect higher deductibles, and downgrade their insurance plans for policies that have cheaper premiums.
Advocate Greg Feste believes this, and has made it one of his personal missions to spread awareness of ever growing under insurance in the United States.

There are many different types of supplement insurance, specific types that cover cancer, heart attacks, strokes, catastrophic accidents, hospitalization, long-term care, and more. With many different catastrophic illnesses and diseases, coverage from primary health policies is very limited. When faced with new-age drugs and treatments, a lot of insurance policies will not cover them.
"These policies are a no brainer, they are all extremely cheap and they make a huge dent in paying medical bills in a time when people need them most", according to Greg Feste.
Reasons to Have Supplemental Insurance

Protect against high out of pocket costs. Many catastrophic illnesses aren't covered by primary health policies. With a supplement policy, it may cover significant expenses that the insured will have to pay out of their own pocket. Based on the cost effectiveness of this policy, the return is very much worth it. For more information about Greg Feste please visit

It pays even if there is an overlap with the primary policy even if a something is covered by a primary insurance policy, a supplemental insurance policy will still pay the insured. How supplemental insurance works is, it is paid as particular benefits are incurred.

So, if there is a hospitalization stay involved for example, the supplemental insurance policy will pay the insured directly for it. If there is an overlap, the insured can use that money for whatever they choose, whether it is used to pay for medical expenses, a car note, or the monthly mortgage payment.