While there are parallels between Medicare Advantage and Medigap policies, notable distinctions set them apart. Medigap is intended to supplement the outlay related to Original Medicare by covering extra costs, whereas Medicare Advantage acts as a substitute for Original Medicare and often includes broader benefits. It is important to note that one cannot hold both a Medigap and a Medicare Advantage plan at the same time; a choice between the two must be made.
Should you enjoy robust health and encounter minimal healthcare expenditures, a Medicare Advantage plan might be the more cost-effective option. On the other hand, if you are grappling with a serious health issue, opting for Medigap might be more suitable.
Bear in mind that enrollment in both Medicare Advantage and Medigap concurrently is prohibited. However, the option to transition between these plans is available if there’s a shift in your healthcare requirements.
While Medicare Advantage plans often incorporate dental and vision benefits, Medigap plans do not provide support for these particular services.
