Ancillary Benefits

Dictionary Says

Definition of 'Ancillary Benefits'

A secondary type of health insurance coverage that covers miscellaneous medical expenses that are incurred during a stay at the hospital. Ancillary benefits can cover expenses such as ambulance transportation, blood, drugs and medical supplies like bandages. These benefits are usually layered on top of major medical coverage.
Investopedia Says

Investopedia explains 'Ancillary Benefits'

Ancillary benefits are offered to cover those expenses which many neglect to factor into the cost of healthcare. They are usually quoted as a multiplier of daily benefits provided by the hospital. For example, an ancillary policy may cover 20-times this daily benefit.

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. Insurance

    A contract ...
  2. Portable Benefits

    Benefits that ...
  3. Dependent Care Benefits

    Benefits ...
  4. Employee Benefits Security ...

    A division of ...
  5. Health Insurance

    A type of ...
  6. National Average Wage Index - NAWI

    An index ...
  7. 403(b) Plan

    A retirement ...
  8. Financial Intermediary

    An entity that ...
  9. Agent

    1. An individual ...
  10. Guaranteed Investment Contract - GIC

    Insurance ...

Articles Of Interest

  1. Benefit Issues When Your Employer Goes Bankrupt

    There are some safeguards in place to ensure that health benefits don't just disappear when a plan is canceled.
  2. Selecting The Right Mix Of Insurance Benefits

    Choosing employee benefits involves weighing the probability you will need them against taxes and cost.
  3. Job Hunting: Higher Pay Vs. Better Benefits

    Focusing on salary may be a mistake. Find out which benefits have the highest long-run payoff.
  4. Employee Benefits: How To Know What To Choose

    Starting a new job is stressful but you don't need to sweat about setting up a benefits package.
  5. Market Capitalization Defined

    Find out the differences between mega-, large-, mid- and small-cap stocks and how each suits different investing styles.
  6. In Small Business, Success Is Spelled With 5 "C"s

    Incorporating these steps will help your business thrive in a competitive market.
  7. Retirement Savings Tips For 35- To 44-Year-Olds

    Learn how the "sandwich generation" can save for retirement while taking care of their kids and parents.
  8. Is Loan Protection Insurance Right For You?

    This coverage can keep you from defaulting on your loans when you're in financial trouble.
  9. Selecting And Managing Insurance Payouts

    Find out which settlement option is right for you before you recieve your funds.
  10. Will Filing An Insurance Claim Raise Your Rates?

    An accident can mean higher insurance costs - even if it wasn't your fault.

comments powered by Disqus
Recommended
Loading, please wait...
Trading Center