Medicare Supplements vs Medicare Advantage Plans

Updated: Jun 4


Are you wondering which path of Medicare you will take? You are not alone in this. There are local medicare insurance agents that can help you along the road. But first, you must understand the difference between the two options.


When choosing between Medicare supplements and Medicare Advantage plans, it's wise to see the big picture. Consider how you can use your coverage and the total cost of Medicare. Here's a breakdown of how each works.


What are Medicare Supplements?

Medigap is Medicare Supplement Insurance, which is sold by private entities and helps cover "gaps" in Original Medicare. Original Medicare covers a large portion of the cost of insured health care providers and equipment, but not any of them. A Medicare Supplement Insurance (Medigap) scheme may assist with any of the remaining medical expenses, such as:

  • Copayments

  • Coinsurance

  • Deductibles


Benefits of Medicare Supplement Plans

For certain seniors, Medicare supplement programs may provide substantial cost savings and benefits.

  • Guaranteed Medicare supplement plans

  • Plans are guaranteed renewable

  • Coverage is available nationwide


Drawbacks of Medicare Supplement Plans

  • Premiums can be expensive every month

  • Pre-existing health conditions can cause coverage delays

  • Drug coverage isn't included.


What is Medicare Advantage?

Private health insurance providers offer Medicare Advantage plan options. This is also known as Medicare Part C that is considered an alternative to the Original Medicare plan. These programs have the same coverage as Medicare Parts A and B but can also include:

  • Non-medical in-home treatment.

  • Regular eye and dental care.

  • Prescription medications.


The Benefits of Medicare Advantage

Expanded coverage, reliability, and the convenience of providing a single account for all health insurance programs are only a few of the advantages of Medicare Advantage policies.

  • More options for coverage

  • Streamlined coverage

  • Cost-effective and saves more money


Drawbacks of Medicare Supplement Plans

  • Prior Authorizations Are Often Required

  • Potentially Rising Costs

  • Limited Networks


Which Medicare Plan To Choose?

Before anything, remember that your Medicare needs are personal. It makes no difference what your partner, friend, or neighbor has planned. Make Medicare choices depending on your interests and wishes.


For seniors who like prescription drug benefits or additional coverage opportunities, Medicare Advantage might be viable. On the other hand, Medicare supplements are usually better for seniors with serious health issues and many medical costs. Though rates are generally higher, out-of-pocket expenses are usually more minor.


Need help? Medicare Greek Is Right Here!

If you're still not sure which plan is right for you, our experts can help. Talking to a licensed Medicare insurance agent from us will also provide you with a good source of information about local plans and provider networks. You'll have all the information you need to make an educated decision with the help of our lead agents.


Both Medicare plans are dependent on the county and zip code. That means there is no such thing as a "one-size-fits-all" model. We have a network of agents in all 50 states at The Medicare Geek.


Not sure where to start? Contact us now.

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