It's rare to find a broker these days who hasn't heard of gap products. Gap plans, designed to supplement high-deductible medical plans, have become standard in the benefits industry. Yet, gap plans continue to be somewhat controversial and often misunderstood.
Merriam-Webster provides one definition of gap as a "hole or space where something is missing." A medical plan with a high deductible creates a "gap" between what the medical carrier pays and what the insured has to pay out of pocket. And supplemental medical gap plans aim to fill that space.
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