Medicare Advantage VS Medicare Supplement

Medicare Advantage plans are used in place of original Medicare. Medicare supplement plans are purchased and work along with original Medicare.

Medicare Advantage insurance combines the benefits of Medicare parts A and B. In many cases it also provides prescription drug coverage. Medicare Advantage plans typically have a low monthly premium or no monthly premium at all.  People sometimes pay a premium, copayments, and a deductible.

Medicare supplement insurance, also called Medigap, fills in the gaps of original Medicare’s coverage. A supplement plan helps cover the coinsurance, copayment, and deductible expenses. The premium for these plans is usually more expensive but there are less out of pocket costs for services.

You cannot have both a Medicare supplement plan and a Medicare Advantage Plan.