Supplemental Insurance Basics
What is gap insurance for health?
Health gap insurance (also called supplemental health insurance or major medical gap insurance) fills the gap between what your health insurance pays and what you owe. Gap insurance pays cash directly to you when you have a covered medical event, helping cover deductibles, copays, and coinsurance.
Key Points
- Gap insurance fills the gap between health insurance and what you owe
- Pays cash directly to you when you have a covered medical event
- Helps cover deductibles, copays, and coinsurance
- Particularly valuable for people with high-deductible health plans
- Affordable premiums — typically $30-$80/month