Supplemental Major Medical Insurance

What Does Supplemental Major Medical Insurance Mean?

Supplemental major medical insurance is a policy that covers expenses that a basic medical plan does not. Once medical expenses exceed the latter’s coverage amount, the former comes into effect.

Insuranceopedia Explains Supplemental Major Medical Insurance

Typically, the insured individual’s basic health insurance reimburses them for covered expenses, usually without a deductible. Once expenses exceed this coverage, the supplementary policy covers a certain percentage of the amount above the corridor deductible, or the deductible between the two plans. However, there is often a limit after which it reimburses medical expenses in full.