Supplemental Medical Insurance
Supplemental medical insurance, also known as gap insurance, is a type of health insurance that helps cover the out-of-pocket expenses that are not covered by the primary health insurance policy. This can include deductibles, copayments, and coinsurance.
Supplemental medical insurance plans are designed to complement primary health insurance plans and provide additional coverage for unexpected healthcare expenses. Some common types of supplemental medical insurance include:
- Critical illness insurance: Provides a lump sum payment if you are diagnosed with a critical illness, such as cancer or heart disease.
- Hospital indemnity insurance: Pays a fixed amount per day for each day you are hospitalized, up to a certain limit.
- Accident insurance: Provides coverage for medical expenses related to accidents, such as fractures, dislocations, and concussions.
- Dental and vision insurance: Provides coverage for routine dental and vision care that is not covered by most health insurance plans.
Supplemental medical insurance plans can be purchased as stand-alone policies or as part of a package with other types of insurance. It's important to carefully review the terms and conditions of any supplemental medical insurance policy and to make sure it fits your specific healthcare needs and budget.
