A Time of Magic

Most people recognise that there are significant gaps in normal medical insurance cover and so there’s quite a market in Medicare supplement insurance.

The supplemental insurance market is all about filling those gaps and extending your cover in areas where you’ve not got quite enough for your needs and can’t add more within your normal insurance contract. For example, if your employer offers cover it will tend to be quite limited in some areas. Obviously you don’t want to go out and pay for a full insurance policy in these cases as some or possibly most of your needs are covered already.

What makes this market a lot more complex is that the gaps and cover limits aren’t standard so you generally need a broker who can go through your existing policies to identify where they don’t cover you well enough. Doing it yourself is, of course, possible but insurance contracts are notorious for their complexity so it’s not a task to be undertaken lightly and besides the broker will almost certainly save you a considerable chunk of cash.

Related posts:

1. How specialised does insurance need to be?
2. Is travel insurance really worth bothering with?
3. Do you ever just take an insurance quote because you’re plain worn out looking?
4. Disability insurance
5. Readying the RV for the coming season

This entry was posted on Wednesday, July 22nd, 2009 at 2:49 pm and is filed under Insurance, Medical, Miscellaneous, Travel. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.