Medical GAP Insurance

What Is Medical GAP Insurance?

Medical GAP insurance is a type of supplement insurance that covers the difference between the amount of money you owe for medical treatment andthe amount covered by your primary health insurance plan. GAP insurance is designed to help people who have high-deductible health plans and coinsurance or who are concerned about the out-of-pocket costs associated with medical treatment. These plans can help pay for what your health insurance does not cover including:

• In-patient hospital expenses
• In-patient or outpatient surgeries
• Physician's hospital charges
• Doctor's Office Visit copays

Example of a Medical GAP claim with a $10,000 GAP plan:

• Hospital Stay + Surgery = $20,000
• Deductible (patient’s responsibility) = $5,000
• Co-insurance (patient’s responsibility) = $3,000
• GAP Plan Payment = $8,000
• Patient’s Out of Pocket = $0

Medical GAP insurance is highly recommended in addition to a comprehensive health insurance plan to help provide for unforeseen medical expenses not covered by traditional major medical insurance.