Medicare Advantage vs Medicare Supplement: 2020 Medicare Plans Explained

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A Private Company provides a health plan that you will use instead of using your traditional Medicare.

Medicare Advantage has a lower monthly premium. However, it requires you to pay some bills when you use the Plan. You will have co-pays, co-insurance and sometimes a deductible. Furthermore, you have to go to certain Doctors, Hospitals and other Providers (HMO / PPO). Most importantly, it has a max out of pocket for your protection. Therefore, once you have paid a certain amount, the plan will pay the rest of your healthcare cost. For example, in 2019 most HMO’s max out of pocket were around $4,000.00 and the PPO Plans were around $6,700.00. Lastly, Medicare Advantage plans may include added benefits like dental, vision, even a gym membership.

Medicare ( Parts A and B ) are your primary insurance and 2020 Supplement Plan pays the bills that Medicare would normally make you pay.

You can go to any Doctor, Hospital, or Provider in the Country that accepts Medicare. Moreover, you will very rarely have a healthcare cost other than your monthly premium. (My favorite Supplement Plan is the Plan G, once you pay the first $198.00 of your medical bills, you are done for the rest of the year!) However, it does have a higher monthly premium then a Medicare Advantage Plan. For example, a Supplement is usually between $80.00 and $120.00 per month.

One important thing to remember when choosing between a 2020 Medicare Advantage plan and a 2020 Medicare Supplement: if you chose a Medicare Advantage plan and later you want to upgrade to a Medicare Supplement plan, you are subjected to medically qualify. This is a huge factor in making a final decision between the two plans.

If you have any questions regarding Medicare, please give our office a call at 1-855-368-4717 or visit one of our pages:

*Not affiliated with the U. S. government or federal Medicare program.

#MedicareAdvantagevsMedicareSupplement #2020 Medicare PlansExplained

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How you explain Medicare Supplement exess charge

alsorisho

Thank you for spelling out clearly the differences between the sup plans and the advantage plans. I see the premiums as strictly a cost of living item. No different from homeowners' or automobile insurance

barrydavis

This is the best review, having watched many videos.

skt

What about prescription drug coverage?

junesimakauskas

Thank you! I'm glad I now understand the benefits of the supplement plan.

antoinetteadelmann

I have been doing this for some time. Suddenly, I do not remember how. I am 75years old

bettyambrose

Robert Bache, let's roll play, you are 64 which would you do? Also, which pays you more in sales commissions? - Original or the Advantage? If you have to use the full extent of benefit's under the annual period which will cost less? Original with a supplement for Drugs and a supplement for medical? Lets say I'm paying the max of $300 per month for original with those two supplements that will be $3, 600 yearly.. Now lets say I am paying the nose bleed cost for the advantage and I will have to meet the $6, 800 out of pocket deductible which is better for the low income client? Also can you elaborate on the 7 month window and the problem's a senior may experience if they have the Advantage plan and after the first year they want to move to the original plan, please explain the entrapment of the higher cost because the 7 month window is no longer protecting them. If I have this wrong then why are insurance providers pitching this advantage plan 5 times harder?

ericelam

whaty if you have medicaid and medicare?

lindamcmurtry

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