Is Supplemental Health Insurance Worth It?
- 120 POINTSview profileTom PichtSupplemental/Medigap insurance plans offer affordable and comprehensive options in providing coverage to what Medicare doesn't cover. When you have Supplemental/Medigap insurance coverage, Medicare is your primary insurer and the Supplemental/Medigap plan is your secondary insurer. There are several plans to choose from, with the Plan F being the most comprehensive in coverage. As long as Medicare pays their portion, the Plan F pays 100% of what Medicare doesn't cover. The other plans vary in coverage, but less than 100%.Answered on May 7, 2013flag this answer
- 20 POINTSview profileChristine StephensAgent, Aflac,Supplemental insurance can be a safety net for out-of-pocket expenses that major medical doesn't cover. Major medical plans are designed to pay doctor and hospital bills, supplemental insurance is paid directly to the policyholder to cover everyday living expenses such as car payments, mortgages, and utility bills. For example: imagine a policyholder breaks their leg. Major medical pays for the doctor and hospital bill, but this person is out of work for the next 6 weeks. Paying the everyday bills gets rough when someone is out of work, and this is where a supplemental policy comes into play. Benefits are paid directly to the policyholder regardless of any other insurance that the policyholder may have, to be used in whatever way they see fit.Answered on May 7, 2013flag this answer
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