About Supplemental Insurance
Supplemental insurance is extra or additional insurance that you can purchase to help supplement services and out-of-pocket expenses that your regular insurance does not cover. Supplemental insurance is not a replacement for your health insurance, but supplemental plans help pay for out of pocket medical expenses such as copayments, deductibles and coinsurance. Some supplemental plans offer a cash benefit paid directly to you over time or in a lump sum to be used to cover lost wages, transportation, food, or other unexpected expenses you have incurred due to illness or injury.
Plans such as Aflac pay a cash benefit to the insured based on your specific plan or policy. Some popular supplemental plans are for cancer, accidental death and dismemberment or hospital indemnity insurance. Whether you need a supplemental plan depends on your risk factors and how much insurance you want to carry or can afford.