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Supplemental Insurance

Health insurance is expensive. When you add the cost of deductibles with the cost of co-pays, you’re looking at a nice sum of money. Plus, some policies don’t cover certain treatments that you might need. Supplemental insurance can help.

A supplemental policy is an insurance policy that “supplements” an existing policy. It kicks in and helps you pay costs that your traditional health insurance doesn’t cover. This can include the deductibles and co-pays, and also money spent for travel and lodging to get treatment.

Who Benefits?

Supplemental coverage is beneficial for anyone. But it is most beneficial for people who might face huge out-of-pocket costs because of their health insurance. It’s also suitable for those who are prone to serious illness or injury because of the type of job they have or because of their medical history.

The Details

Supplemental policies cover certain injuries and illnesses. It pays a lump sum, up to the policy maximum. When you file a claim, it’s either approved or denied. If it is approved, then the money is paid to you so you can use it for the purpose you choose.

Supplemental insurance policies cover accidents, serious injuries or both. Serious illness includes things such as cancer, heart attack and stroke. This excludes chronic illnesses, such as diabetes. And supplemental policies that cover accidents usually cover accidents that cause you to miss work.


The best thing about supplemental insurance is it can help you pay large medical bills. It can also help you pay other bills, such as rent, while you are unable to work. When you get such a policy as a workplace benefit, they often carry lower premium rates.