Supplemental health insurance is a type of insurance policy designed to cover the gaps that

your health insurance may have due to deductibles and co-payments. Supplemental health

insurance covers additional expenses that your primary insurance doesn’t cover, such as lost

income and living expenses. A few supplemental health products on the market today:

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Some of the benefits of a supplemental health insurance policy include cash benefits, lower

cost due to lower benefit amounts, the ability to offset lost income unlike a traditional health

insurance policy, and often payment for pre-existing conditions. The most common type of

supplemental policy is intended for those covered by Medicare, which doesn’t cover long term

health care, at home care, nursing homes, or prescription drugs. Many seniors opt to carry a

Medicare supplement in addition to long term care insurance, which protects their financial

security.