Published On Nov 21, 2022
(Medicare Advantage vs Medicare Supplement Plans? | Medicare Monday).
Medicare Advantage:
" Medicare Advantage Plans are sold by private companies and they replace your original Medicare parts A and B. When you buy a Medicare Advantage plan, the insurance company, not Medicare, provides all your healthcare coverage and sometimes includes prescription drug coverage. With these plans, you usually have to use doctors in the network and they come with deductibles and copayments on most services you receive. With these plans, they're renewable annually, meaning you can change them from year to year if coverage changes. This makes it very important to review your Annual Notice of Change".
Medicare Supplements:
" Medicare Supplement plans are sold by private companies. They complement original Medicare and are also sometimes called Medigap policies. These plans cover most if not all of your out-of-pocket costs under parts A and B. Every Medigap policy must follow laws designed to protect you, and insurance companies can only offer standardized Medigap policies, which means coverage is the same with all carriers".
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--Contents----
0:00 - intro
0:14 - What are Medicare Advantage Plans?
0:50 - What about Medicare Supplements?
1:17 - Free helpful comparison tools!
1:40 - Check us Out!
