It is a fact that one can only be enrolled in other medigap plans if only they are enrolled by the Original Medicare. This brings us to the question, “Why are Medicare supplement plans being sold by private companies? There are a number of reason why the Medicare supplement plans and other plans are sold by private companies. The first reason is that private companies dealing with health care insurance are numerous and in fact, the need to spread coverage is achieved when there are private companies willing to cover various aspects of health.
Secondly, private companies are known to be efficient as far as covering various health care services are concerned. This efficiency has been accrued from the fact that they have a large pool of contributors and these contributors are willing to contribute yearly and monthly just to make sure that all their risks associated with the health are covered. For instance one private insurance will cover extra costs that cannot be paid by the original Medicare plan. On the other hand, private companies sells Medicare supplement plans simply because they specialize in one specific area of health. One company will cover chronic diseases and all the related costs while other will cover other risks.
The original Medicare plan does not have all that it takes to cover everything. In that case, not every aspect of health can be covered by one single public insurance because the population is extensive and large in a country or state. With that idea in mind, private firms have been charted and allowed to sell insurances besides the original Medicare plan. If you have been wondering why the government cannot cover for health services on its own, then you have the right reason explaining why private firms have chipped in.
On the other hand, however, medigap policies do not cover everything you may need. A Mutual of Omaha Medicare supplement plan G found at https://www.medisupps.com/mutual-omaha-medicare-supplement-plans-2018/ provides coverage to pay all coinsurance of Medicare part A and B. For instance, even with the fact that Medicare supplement plan is sold by various private companies, your will still find that they will never cover long term care, vision, dental care, private duty nursing and eyeglasses as well as anything related to eye sight health issues. With this idea in mind, you are therefore in a position to check on those health care services that are not offered by Medicare supplement plans before choosing to enroll in it.