What is Gap Coverage?
Gap insurance coverage (also known as a supplemental health plan) helps you cover any out-of-pocket costs you have to pay for medical care when you are enrolled in a high-deductible health plan. Gap coverage works alongside your primary health insurance to “fill the gap” between what your insurance pays and what you need to pay in the form of a medical deductible.
Even when you have affordable health coverage that fits your lifestyle and budget perfectly, you can sometimes experience medical costs that are uncomfortably high. That’s where gap coverage comes in. Gap coverage provides a financial cushion when you need it most, providing you a lump-sum amount to pay for large healthcare deductibles and even other out-of-pocket costs. We will help you determine if gap coverage is right for you, and how much you’ll need to have better peace of mind in the event of high medical bills.