Yup! In general, supplemental insurance is a private health insurance policy that helps cover some of the large number of gaps in your current health insurance coverage. Medigap is a type of supplemental insurance for people with Medicare. Disease-specific insurance, dental insurance, and vision insurance are also types of supplemental insurance.As with any insurance policy, read the fine print, so you know what you are buying (some serious time and magnifying glasses are needed). You’ll need to know what that policy covers to make sure it doesn’t overlap with what you already have, and actually provides some real benefits. Some things in the policy are considered cons -- you pay and assume protections and benefits until you need care, and then the fine print means that whatever exclusion is written in the fine print means no benefits for you.
- Q What is Medigap insurance?
- Q Who needs supplemental insurance?
- Q Are there limitations on who can buy supplemental health insurance plans?
- Q How are supplement claims regulated?
- Q Does health history matter in being accepted for a supplemental plan?
- Q What is a disease-specific supplemental insurance policy?