Supplemental Medical Insurance

Written by Jeremy Horelick
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Supplemental medical insurance is meant to cover the costs that your primary insurance company doesn't. Depending on the quality of your insurance plan, things such as dental work and vision care may or may not be included in your policy. If they're not, and you need treatment, you can quickly accrue hefty bills. A single root canal can easily run you as much as 1,500 dollars, which is yours to pay out of pocket.

With supplemental medical insurance, you can rest assured that any gaps in your normal coverage are filled, not just for dental and vision care, but for any number of other treatments. A comprehensive supplemental policy will cover costs stemming from disability and accidents. If your employer doesn't offer worker's compensation, a supplemental insurance policy can pick up the slack and help you pay your bills while you're out of work.

The Reality of Medical Insurance

While the concept of medical insurance is fantastic, the reality is markedly different. Some insurance companies have innumerable restrictions on what they will and will not reimburse, while others simply charge high premiums that stretch your pocketbook or wallet--and that's before you receive any sort of care. Add to that the burden of high annual deductibles, and you're already looking at potentially thousands of dollars of out-of-pocket costs. It's enough to make one wonder what good his or her medical insurance is really doing.

Even if you belong to a managed care group such as an HMO, you may not be covered for certain types of treatment. Say, for instance, that you'd like to pursue an "experimental" form of treatment for a serious disease. If your HMO doesn't expressly state so in its literature, it likely won't help you defray even a portion of the cost. It's in instances such as these that supplemental insurance pays its dividends by giving patients the additional help they need.


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