About Supplemental Health Plans
Supplemental health insurance is the type that will pay in addition to your regular health insurance or is to be used to plug gaps in your regular health insurance. It comes in many kinds, with various policies designed in many cases to cover only one type of illness.
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Medicare Supplements
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A Medicare supplement is one type of supplement that a senior citizen almost has to have. Such supplements cover the gaps left by Medicare insurance. They can be designed to cover a deductible on hospitalization, or money unpaid by Medicare on operations, treatments and recovery costs. You can also get a prescription plan.
Disease-Specific Insurance
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This type of supplement provides a cash benefit if you contract something specific such as cancer, heart attack or stroke. It is usually paid on a per-day treatment basis. The money can be used for any purpose and it is paid directly to you.
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Accident Health Insurance
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This type of supplement, as the name implies, pays benefits to you when you suffer injuries in an accident. You may also take out accidental death and dismemberment policies, which will pay in the event of accidental death or dismemberment of parts of your body.
Hospital Indemnity Insurance
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A hospital indemnity program pays in addition to your regular health insurance when you are confined to a hospital. Usually, a number of days of confinement need to occur before this plan kicks in, but it will then pay proceeds directly to you.
Advantages
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Supplemental insurance policies are relatively inexpensive, as coverage is limited. The fact that they are paid directly to you can help with other expenses that go on while you are ill or hospitalized.
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