There are around 50 million Americans that are over the age of 65. If you’re among them or joining them soon, you need to make sure you have the right type of insurance to cover any health concerns that may come up.
Medicare Advantage plans are provided by private health insurance companies which have been approved by the government. This allows you to gain a number of advantages when compared to a Medicare Supplement plan or private insurance on its own.
Keep reading to learn more about the benefits of signing up for Medicare Advantage and to learn more about how you can find the right plan for you.
Medicare Advantage Vs. Medicare Supplement Insurance
If you need more than what’s offered by Medicare alone, there are two options for you. Let’s take a closer look at each of these so you can get a better idea as to which might be right for you.
Medicare Advantage Plans
Medicare Advantage plans provide you with all of the benefits you would get with Part A and Part B of Medicare. However, these are provided by a private insurance company rather than the government insurance. Often, you get other services such as vision and dental covered with these plans.
Medicare Supplement Insurance
Also known as Medigap, Medicare Supplement Insurance is only meant to help you cover some of the costs of Medicare. You still get your regular benefits through Medicare, but this type of insurance helps with coverage and may have some additional coverage for other services.
Why Choose Medicare Advantage Plans
Now let’s look at some of the reasons you may want to choose a Medicare Advantage plan instead of Medigap Insurance. If you fit all of these criteria, you’ll save more money with Medicare Advantage.
Want More Coverage
If you want more coverage, then Medicare Advantage is right for you. You can find plans that are flexible and cover a variety of chronic conditions and have other services like dental as we mentioned earlier. Medigap often doesn’t have these options.
Don’t Plan to Travel
One of the reasons people choose Medigap insurance is that it offers coverage when travelling. However, if you don’t plan on wandering too far from home too often, you can save money with Medicare Advantage since the premiums are lower.
Need a Prescription Drug Plan
Pard D of Medicare is the prescription drug plan. It’s bundled into Medicare Advantage for most plans. However, it’s not included with Medigap. So, if you know you need a plan that covers prescription medications, you’ll want to choose Medicare Advantage.
Confused About Your Options?
Now you know more about why so many older Americans are choosing Medicare Advantage plans over Medicare Supplement plans. As you can see, it allows you to save money while taking advantage of the flexibility offered by private insurance companies.
If you’re new to Medicare and not sure about what your options are, contact us today. We would be more than happy to chat with you about what plan makes the most sense for you.
Just Us Insurance / Medicare Made Easy / 877-777-7055 /
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