Medicare Supplement Plans is healthcare insurance plans offered by private, commercial insurance companies to individuals who are not covered by Medicare Parts A and B. Medicare Supplement Plan service agreements are standardized and many of the plans have the same features, as well. They also have different reimbursement options, as well. There are three types of Medicare supplement plans, Medigap, Medicare Part D, and Medicare Advantage.
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Medicare Advantage Plans are offered by state governments. They cover items that Medicare does not; for example prescriptions. Medicare Supplement Plans is offered by private companies. In order to enroll in these plans, you must have Medicare coverage. Medicare supplement plans do not have any tax benefits. They are intended to fill the gap left behind by Medicare coverage and provide extra coverage at times that Medicare does not.
Medicare Supplement Plans offers the same Medicare coverage as Parts A and B of the Medicare program, plus extra coverage for several additional benefits. Some of the additional benefits may require a physician referral, so it is important to check with your primary care doctor before enrolling in any Medicare supplement plans. Medicare is a compromise between what type of healthcare coverage people need and what the government can provide. Medicare supplement plans to fill in the gaps left by Medicare, providing extra healthcare coverage at times that Medicare does not.