United States Ancillary Insurance Market to Grow at a CAGR of 9.27% During 2026-2035, Aided by the Rising Health Expenditure

Ancillary insurance serves as supplementary health insurance, addressing miscellaneous medical expenses accrued during hospital stays. This coverage includes items like ambulance services, blood, medications, and medical supplies such as bandages to name a few. Ancillary insurance is usually obtained alongside major medical insurance, which supports the United States ancillary insurance market. The United States has one of the most expensive medical systems in the world. In 2022, healthcare spending in the United States amounted to USD 4.5 trillion, with an average of USD 13,493 per person.

Ancillary insurance encompasses various types, notably vision, dental, and hearing care, among others, which are popular in the United States. These plans typically cover only a portion of associated costs. Vision insurance often includes eye exams, contact lenses, and eyeglasses, while dental insurance covers preventive care and accidental damage. Though less common, hearing insurance can be beneficial, especially for older workers prone to hearing loss.

Corporations and small organizations are leading the US ancillary insurance market and are expected to continue driving growth. Early detection of chronic illnesses reduces healthcare costs and productivity losses for employers. Ancillary benefits play a crucial role in employee recruitment, retention, and overall well-being, giving companies a competitive edge in the labour market. Offering unique advantages distinguishes employers and fosters loyalty among employees, further contributing to the market expansion and workforce productivity.

In August 2023, Aflac, a leading provider of supplemental health insurance in the US, introduced an enhanced version of its Aflac Individual Short-Term Disability Insurance. The aim was to assist employers in adapting to the evolving needs of their employees amidst ongoing pandemic and economic uncertainties.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Market Breakup by Type, Product Type, Demographics, and End User:

• The market is segmented based on type into vision care, dental care, and hearing care, among others. 
• Based on product type, the market can be bifurcated into anticipated loss ratio and medical loss ratio. 
• Based on demographics, the market is divided into senior citizens, adults, and minors. 
• By end user, the market is divided into individuals and corporates.

Key Findings of the Report:

• The increasing health awareness among people, growing demand for preventative medical services, and the increasing health issues globally due to sedentary lifestyles are driving the market for ancillary insurance in the US.  
• Ancillary benefits complement primary insurance by filling gaps in coverage, enabling patients to afford medical services.
• The high cost of living and the constantly growing medical bills are the key factors propelling the market growth.

Key Offerings of the Report:

• The EMR report gives an overview of the United States ancillary insurance market for the periods (2019-2025) and (2026-2035).
• The report also offers historical (2019-2025) and forecast (2026-2035) market information for the type, product type, demographics, and end user of ancillary insurance.
• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

Top Players

• Aflac Incorporated
• Ameritas Mutual Holding Company
• Aetena Inc.
• Metlife Services and Solutions, LLC
• Manhattan Life Group Inc.
• Humana Inc.
• The Guardian Life Insurance Company of America
• Nationwide
• Others

The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

Contact Us

Expert Market Research
Website: www.expertmarketresearch.com
Email: [email protected]
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790