Types of Health Insurance

Medicare supplemental insurance (Medigap) pays for the portion of your medical bills that Medicare does not cover: either Part A deductible, Part A co-payments beyond the Part A deductible, Part B deductible and 20% remaining costs for Part B services or just the 20% of Part B services. There are 10 Medicare supplement insurance plans standardized by the federal government. The level of coverage varies. There are standardized plans that cover most Medicare deductibles, copayments and coinsurance, while others leave some costs for you to pay on your own. Medicare supplement plans provide nationwide coverage.

Cancer insurance is a type of supplemental health insurance that can provide payment to be used to offset the costs of cancer treatments, or however the recipient sees fit. It can help alleviate some of the financial burden involved with treatment, allowing you or a loved one more energy to focus on recovery. With cancer insurance, your insurance provider typically pays you directly — not your healthcare provider. The lump-sum payments can be used however you see fit.