Supplemental insurance is additional insurance that you can purchase to help you pay for services and out-of-pocket expenses that your regular insurance does not cover. Supplemental plans pay cash benefits directly to the insured and the money can be used to help pay out-of-pocket medical expenses, such as deductibles, copayments, and coinsurance, or for daily living expenses such as rent/mortgage, groceries, medication or to help cover a financial gap due to lost wages.

Supplemental insurance pays a cash benefit to the insured. The amount of cash and how it is paid out depends on the supplemental health insurance plan or policy. The insured decides how the money received from the supplemental insurance plan is spent.

Medical insurance is very important, but it only covers part of the protection. You may also need coverage to help fill financial gaps such as out-of-pocket medical expenses and other daily living expenses. Supplemental insurance pays you a cash benefit directly to you to help fill those financial gaps.

When you are injured or sick, your medical insurance pays your doctors and hospitals; supplemental insurance is designed to pay you. The cash benefit you receive from your supplemental insurance plan can be used for anything you choose, including expenses health insurance won’t pay for, such as deductibles, offsetting a loss of income during your hospital stay, or helping with everyday living expenses.