Supplemental insurance policies include coverage for:
Supplemental insurance such as cancer and heart disease policies fall into two main categories. There are those that provide a one-time lump-sum benefit and others that are expense-based.
Accident and hospital indemnity policies are typically indemnity-based; in other words, the policy will pay specified amounts for certain covered conditions or injuries.
Note: Not all options are available in all policies or in all states.
What to Consider
You may want to consider supplemental insurance if:
Keep in mind that supplemental insurance is not intended to take the place of primary health insurance but it can help you with the extra expenses of a serious or chronic illness.
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