Emerging Industry Overview: Supplemental Insurance Plans
Industry Snapshot
Supplemental insurance fills the gaps left by other insurance coverage, mainly within the general categories of accident, health, and life insurance. A large segment of the supplemental insurance market serves the needs of Medicare beneficiaries looking for coverage broader than that offered by the federal insurance program for Americans over the age of 65. Although these "Medigap" policies account for the largest segment of supplemental insurance plans, supplemental insurers also sell policies to help pay for other coverage that is either not available or not fully compensated under regular insurance plans. An...