Final Considerations

There is no substitute for a comprehensive medical insurance plan. If you think that you can put a plan together piecemeal by combining several plans, such as a cancer insurance plan, an accident plan, and a hospital plan, you are fooling yourself. You will pay more in premium than you would if you bought one good comprehensive plan. Moreover, you will have several gaps in your coverage and areas of double coverage that may not be double paid since the insurance companies in most cases will coordinate their benefits. Our consultants believe that if you purchase one comprehensive medical insurance plan you will not need other medical insurance coverage.

The one exception to the general rule of no supplemental insurance are Medicare Supplement Plans.