HomeSupplemental InsuranceWhat is the difference between Medicare Supplement and supplemental insurance?
Supplemental Insurance Basics
What is the difference between Medicare Supplement and supplemental insurance?
Medicare Supplement (Medigap) is insurance that covers Medicare cost-sharing (deductibles, copays, coinsurance) for people on Medicare. Supplemental health insurance (critical illness, accident, hospital indemnity) pays cash benefits for specific events and is available to people of all ages, not just Medicare beneficiaries.
Key Points
- Medicare Supplement: covers Medicare cost-sharing for Medicare beneficiaries
- Supplemental health insurance: pays cash benefits for specific events
- Supplemental health insurance: available to people of all ages
- Critical illness, accident, and hospital indemnity are types of supplemental insurance
- An independent agent can help you understand the difference