Skip to main content

Posts

Showing posts from December, 2018

Difference between Medicare advantage plans and Medicare supplement plans

It is important to understand the difference between the two as it can be confusing for most of us. We have noticed the people often get confused with the terms and not everyone knows the real difference and meaning of these plans. This article is to help you understand the difference between the two. Here is more information– First, let us understand the most important point and that is - these plans, Medicare Advantage plan and Medicare supplement plan are offered by all the private insurance companies and it is approved by Medicare. What is Medicare supplement plan? Medicare supplements insurance or sometimes also referred as Medigap is the coverage that you can add to the original Medicare Parts A and Parts B. With either choice, you continue to pay a monthly Part B premium to Medicare. What is the Medicare Advantage plan? A Medicare Advantage Plan is a second way to get your Medicare, and it would take the place of a Medicare Supplement. It is