Supplemental health insurance is a form of insurance plan intended to cover the gap that your standard health insurance may contain because of deductibles and co-payments. Supplemental health insurance covers additional expenses that your primary insurance doesn't cover, such as lost income and living expenses.

Supplemental health insurance is intended for those that have families, are economically unprepared to handle large medical bills or time off from work due to illness or injury, are self employed, or on Medicare. Supplemental health insurance offers money benefits and less cost due to lower benefit totals, the capacity to make up for lost earnings not like a traditional health insurance policy, and frequently compensation for pre-existing conditions.

Long term health care, at home care, nursing homes, or prescription drugs is not covered for those on Medicare so supplemental health insurance policies can ease much of the burden for these people. Carrying both Medicare and long term care insurance is a good option for seniors that want to maintain their financial security.

Unfortunately, these two supplemental health insurance policies can run up to several thousand dollars annually. Several insurance companies do accommodate those who are seeking supplemental health insurance. Policies grant money benefits for a number of particular purposes.

In addition to hospital indemnity plans which provide fixed cash benefits for covered services, including hospital stays for emergencies and outpatient services, there are basic supplemental medical plans that provide fixed benefits for covered preventative medical care. For those troubled about cancer, there are supplemental cancer insurance plans which furnish direct cash to policy holders for cancer treatments and connected expenses.

When conditions concerning a serious condition or terminal sickness are present, there are plans which offer lump sum cash awards to help out in paying out of pocket expenses for heart attacks, strokes, heart surgeries, cancer, and other illnesses. Becoming unexpectedly disabled can be financially devastating for any family.

Disability income protection provides aid because of loss of income by giving secure cash payments to be of help. Long term care insurance helps policy holder's deal with the high cost of long term care, including assisted living facilities, medical home care, adult day care, and so on. Supplemental health insurance is becoming a must have for anyone looking to stay physically and financially healthy due to the soaring costs of regular health care, especially for the self-employed.