What is one of the main purposes of Medicare Supplement Plans?

One of the main purposes of Medicare Supplement Plans, often referred to as Medigap policies, is to fill the gaps in Medicare coverage. Original Medicare, which consists of Part A (hospital insurance) and Part B (medical insurance), does not cover all healthcare expenses. This can leave beneficiaries with significant out-of-pocket costs, such as co-payments, coinsurance, and deductibles.

Medicare Supplement Plans are designed specifically to help cover these additional costs, thus providing financial protection for those enrolled in Medicare. By choosing a Medigap policy, beneficiaries can have more predictability in their healthcare expenses and reduced financial strain. This is particularly important for older adults who may be on fixed incomes and need to manage their healthcare costs carefully.

While dental coverage, long-term care expenses, and drug benefits are important aspects of healthcare, they are not the primary focus of Medicare Supplement Plans, which directly target the limitations of Original Medicare.