29 Aug Medicare Advantage vs Medigap (Medicare Supplement)
It is very common for these two to be mixed up or for people to think that they are one in
the same thing, they are different. Since Medicare does not cover all the benefits when it
comes to health, it is common for people to buy additional insurance in an attempt to
bridge this gap. The two main types of coverage of this gap is Medicare Advantage and
Medicare supplement plans.
Medicare Supplements- These act as an addition onto Medicare. After Medicare pays a
portion of the bill, the rest will be sent to your Medicare Supplement company. You will
still be enrolled in Medicare, and you can see any provider that participates in Medicare.
These plans offer a lot of freedom such as no need for referrals to see a specialist and this
results in higher premiums than Medicare Advantage plans.
Medicare Advantage Plans- These are entirely separate from Medicare. Once you enroll
in this you receive your benefits from the plan and not Medicare. You use the plans
network providers only in emergencies. Medicare advantage plans are a substitute from
To find out more about Medicare Supplement plans and Medicare advantage plans, call
David McIndoo today.