Is it allowed for one to have both Medicare Supplement and Medicare Advantage Plan?

The rules laid down by the department of health in the United States requires that one needs to hold one medical plan at a go. With that idea in mind, it is crucial for you to understand that you cannot hold more than one plan. For example, you are not allowed to benefit from Medicare advantage plan and from the 2019 Medicare supplement plan. Most of us may not understand the reason behind this but the basis of it is that it is like introducing conflicts of interests associated with two related plans.

The two plans may not work together unless the whole idea is based on a coinsurance plan. Talking of coinsurance, it means two Medicare plans that are aimed at insuring against almost similar risks. When two plans are overlapping, then it means that one may not be in a position to be insured by the two plans. However, if the policy states that the two can be taken as coinsurance. Coinsurance is basically a plan where two or more plans are converging to contribute towards the coverage of health benefits of an individual. If you have been eyeing on taking a Medicare Advantage plan together with the Medicare supplement plan, then it is important to make sure that the contract states that it is a coinsurance.

Taking or enrolling in the two plans will disqualify the other. For example, if you have enrolled in the Medicare Advantage plan, then you will need to drop the Medicare Supplement plan. The fact behind this is that you can only benefit from one plan. That means that you can only hold one and you may drop the other. If that is not possible your interest, then it means that you will have to drop both the plans. One can never have both plans at the same time and it is important to seek clarification first so that you will be advised on whether to take the other as coinsurance or not.

Many people have made this mistakes when taking the Medicare supplement. The confusion sets in when a person takes insurance plans that conflicts with the other. The benefits can only be accrued from one insurer. If one has taken an insurance policy from one of the plans, then you need to make sure that you take the right policy at the right time.