Medicare Advantage Vs Medigap: How The End-Users Can Get Benefitted?

Introduction about Medicare advantage and the Medigap

Medicare Advantage is a subset of the Medicare program which is offered to senior citizens and disabled adults. The Medicare Advantage plans are normally provided by some of the private insurance companies, not by the federal government. Some of the facts about Medicare Advantage vs Medicare have been discussed in this article.

Some of the top factor to consider about Medicare advantage and Medicare

1.    Benefits: Both the Medicare Part A and Part B covered services in the case of the medicare advantage plan and medicare.
2.    Prescription drug coverage: With almost all the plans in medicare advantage this is covered. Normally in case of medicare, the drugs one takes do not get covered. There is limited coverage of prescription drugs.
3.    The choice of any doctor who takes the Medicare assignment: In case of the plans in medicare advantage, one can choose only the in-network doctor. In the case of medicare, one can choose any doctor.
4.    Extra benefits: Some of the medicare advantage plans do provide extra benefits. But in the case of medicare one does not get any extra benefits.
5.    The covered area of service: In the case of medicare advantage one needs to be in the particular locality to avail the service. One can avail of the service in any place in the USA in case of medicare.
6.    Deductibles: Some of the plans in medicare advantage have got the deductibles. But in the case of medicare, it has got deductibles.
7.    Premiums: In some of the plans of medicare advantage one can pay $0 premium also. But in the case of Medicare Part A will have the monthly premium.

Facts to know about Medicare Advantage and Medigap

Medigap, popularly known as Medicare Supplement Insurance, is a type of health insurance that offers some additional coverage for the normal Medicare plans. Some of the differences between the Medigap and the Medicare advantage plans are discussed below:

1.    Price: The main difference between the Medigap and the Medicare Advantage plans is the difference in cost. The Medigap plans have got higher premiums than the Medicare Advantage plans.
2.    Choice of physicians: One of the major differences which might influence the person’s decision to select Medigap or the Medicare Advantage plan is the choice of the physicians. The Medicare Advantage normally offers the limited selection of facilities and physicians within their network.
3.    Location: If someone is living in one state and they rarely travel, then Medicare Advantage might be the best choice for them. If someone lives in more than one state or they travel frequently, then Medigap can be the better choice for them.

Conclusion

All the plans have got their advantages and disadvantages. So, before deciding on the final one, they should look for their needs and then decide accordingly.
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