Supplemental medical insurance is additional coverage beyond a policyholder's main health insurance policy. This additional coverage may be purchased from private companies to cover various health care expenses, such as copay and deductibles, not ordinarily included in the main policy. Some supplemental plans even provide cash benefits that policyholders can withdraw in a lump sum or over a period.
While supplemental medical insurance may be excessive for some, others may have a need for it, especially those who suffer from critical illnesses, face the threat of loss of work, or older persons who may need long-term care in a nursing home. Since various types of supplemental health coverage are available, those interested should check their main health insurance policy and identify conditions and expenses not included and secure suitable supplemental health coverage.
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