Because your healthcare is so important, it’s critical to know the differences between Medicare Advantage and Medigap plans, (also known as supplemental Medicare Insurance plans).
Dental, Vision, and Prescription Care.
The difference between Medicare Advantage vs Medigap Insurance is: Many Medicare Advantage plans include vision, dental, and prescription care. Medigap insurance does not.
Choice of Doctors.
The difference between Medicare Advantage vs Medigap Insurance is: Medicare Advantage plans are offered through private providers and therefore involve a network of approved physicians. Under original Medicare, which Medigap insurance covers, you are restricted to doctors that accept Medicare.
Out-of-Pocket Costs.
The difference between Medicare Advantage vs Medigap Insurance is: Medicare Advantage often includes an out-of-pocket cap for individuals. Medigap Insurance does not.
Average Monthly Premiums.
The difference between Medicare Advantage vs Medigap Insurance is: Average monthly premiums in 2011 for a Medicare Advantage plan range by plan and by state from $0 to $405.10 per month (which does not include your Medicare Part B premiums)*. It is also important to note that most Medicare Advantage plans also may require a co-payment. The costs of Medicare Supplement insurance on the other hand may range even more drastically based on the plan and the state you live in. To find out exactly what a Medicare Advantage plan will cost you, request a free quote today. Click here.
*Source: “Costs & Benefits of Medicare Advantage Plans.”California Health Advocates – Medicare: Policy, Advocacy, Education. California Health Advocates, 29 Nov. 2010. Web. 18 Jul 2011. .
Disclaimer: Medicare has neither reviewed nor endorsed the information contained on this website.