Medicare Supplement or Medicare Advantage?

Medicare Supplements are standardized plans from the Federal Government. There are many supplemental options available under Original Medicare to choose from, and each plan by law pays equally no matter what company you choose. The difference here is price, service and company rating.  You pay a monthly premium for the supplements and have coverage in any state, even any cruise ship, no referrals needed to see a specialist.  Little to “no” deductibles, co- pays or co- insurance.

Medicare Advantage (Part C) is offered by private companies rather than the government and is not paid for under Original Medicare.  Advantage plans can sometimes include prescription drug coverage. Similar to supplement plans, with these your premium can be low and may not even cost you anything at all. However, unlike supplements, in most cases beneficiaries are required to use doctors and hospitals within networks in order to be eligible for full benefits.  You may also have an annual deductible and co-pay or co-insurance.

In order to know which option is best for you, call and talk to one of our medicare supplement brokers today.