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IBX Insights

LifeSecure: Protect Your Finances with a Supplemental Medical Insurance Plan

Overhead photo of a woman figuring out her finances on a calculator.

Life happens, and when the unexpected occurs, it can catch you off guard. If you’re dealing with an accident, critical illness, or injury, your focus should be on healing and recovery — not your finances.

Plan For the Unexpected

An Independence Blue Cross (Independence) health plan offers 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 pairing your Independence health plan with an accident, critical illness, and hospital recovery insurance plan from the LifeSecure Insurance Company*, an independent company.

LifeSecure plans offer financial support when you need it most — in the event of an accident, serious illness, or hospital stay. You can make up for lost income and pay for medical deductibles, out-of-network office visits, uncovered treatments, childcare, transportation to appointments, household upkeep, or anything else you may need.

Let’s explore the plans available from LifeSecure and how they can enhance 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 might also want supplemental medical insurance to help with out-of-pocket costs resulting from an accident that can set you back financially.

That’s where LifeSecure comes in. LifeSecure’s personal accident insurance provides 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’s an example of how a LifeSecure accident insurance plan with an annual benefit amount of $10,000 can help you in the event of an accident:

Donna has a $0 deductible under her LifeSecure personal accident insurance plan and has incurred $8,800 in reimbursable medical expenses, including the costs of deductibles, copays, and coinsurance. Her benefit payout would be $8,800.

A graphic: Reimbursable Expenses of $8,000 minus Personal Accident Deductible of $0 equals Personal Accident Benefit Payout of $8,800

Critical Illness Insurance

When you or someone in your family is dealing with a major health event, such as a heart attack, stroke, or cancer, a critical illness insurance plan from LifeSecure can help pay for expenses that traditional insurance plans do not cover, such as lost income, mortgage payments or other household bills, medical deductibles, rehabilitation, and uncovered treatments.

LifeSecure’s critical illness insurance plans offer a lump-sum cash benefit upon diagnosis of a covered disease to help pay these expenses. Below is a chart that details what percentage of the benefit amount you would receive upon first diagnosis for several commonly covered diseases.

WP Data Tables

Protection For the Whole Family

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

  • If you include your spouse or partner, his or her benefit amount will match yours.
  • Each dependent child is automatically covered with a $2,500 benefit amount — at no additional cost.
  • Subsequent diagnosis of a different critical illness is also eligible for payment.

Hospital Recovery Insurance

An Independence health plan provides benefits to help with medical costs resulting from an inpatient hospitalization or treatment in an observation unit. By pairing your medical plan with a LifeSecure hospital recovery insurance, you can extend your protection past your hospital stay.

A hospital recovery insurance plan provides cash benefits for each day of a covered hospital stay, regardless of any other insurance you have. Benefits can help pay for anything you need during recovery, including transportation, delivery or take-out meals, or help around the house.

Focus on Recovery, Not Finances

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

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

Graphic: Daily Benefit Amount of $500 x 4 Days in Hospital = Hospital Recovery Benefit Payout of $2,000

Get Protected

You can’t predict where life may take you, so be prepared. LifeSecure’s plans offer affordable and reliable coverage to provide financial support when it really counts. 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 is acting solely as an agent for LifeSecure. LifeSecure is solely responsible for the administration of its products.
LifeSecure Insurance Company (Brighton, MI) underwrites and has sole financial responsibility for the 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 Outline of Coverage or Policy. This is an insurance solicitation.
1In PA: Specified Disease is called Critical Illness
2In NH: This disease is called Severe Stroke
3In CA: This disease is called Cancer Confined in its Site of Origin
4In CA: This disease is called Excluded Skin Cancer

Brett Mayfield

Brett Mayfield is senior vice president and market president — local. He joined Independence Blue Cross in 1991 and is responsible for the new business and retention of 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.