Supplemental Major Medical Insurance

What Does Supplemental Major Medical Insurance Mean?

Supplemental major medical insurance is a policy that covers expenses not included in a basic medical plan. It becomes effective once medical expenses exceed the coverage limit of the basic plan.

Insuranceopedia Explains Supplemental Major Medical Insurance

Typically, the insured individual’s basic health insurance reimburses covered expenses, usually without requiring a deductible. Once these expenses exceed the coverage limit, the supplementary policy covers a percentage of the amount above the corridor deductible, which is the deductible between the two plans. However, there is often a limit beyond which the policy reimburses medical expenses in full.