Medicare Advantage vs Medicare Supplements: Which One Is Right For Me?
June 17, 2024 | Tom Peterson
As you approach your 65th birthday, you’re likely to be bombarded with information, emails, and mailers from various Medicare insurance companies. It can be overwhelming to decipher the medicare jargon and know which Medicare Plan is the one for you.
Medicare Advantage Plans and Medicare Supplements are the two primary plans that can be used in conjunction with Original Medicare. To assist you in making an informed decision, we’ve prepared a chart that outlines the key characteristics of these two plan types. This tool is designed to guide you toward the plan that best suits your needs.
| Medicare Advantage | Medicare Supplements (Medigap) |
| Often includes an embedded drug plan | Must purchase a stand-alone drug plan |
| The plans are network based | You can go to any doctor that accepts Medicare |
| Premiums tend to be lower | Premiums tend to be higher |
| Annual contract | Guaranteed Renewable – cannot change benefits but can change premium |
Medicare Advantage:
Medicare Advantage plans, commonly referred to as Medicare Part C, are an alternative way to receive your Medicare benefits. Medicare Advantage Plans (MA/MAPD’s) are offered through private insurance companies that are paid by Medicare to administer your health care coverage. These plans provide the same coverage as Medicare Part A and Part B and often include additional coverage and benefits. It’s important to note that when you enroll in a Medicare Advantage plan, you are still required to pay your Part B premium.
Find out More: Frequently Asked Questions About Medicare Advantage Plans
Medicare Supplements (Medigap):
Medicare Supplement plans, or Medigap policies, can cover some health care costs that Original Medicare doesn’t cover (like copayments and deductibles). Medigap plans do not cover dental care, hearing or vision benefits.
Find out More: How To Know If You Need A Medigap Plan
Do you need additional assistance with deciding which plan works for you? Our dedicated team is here to support you by answering your questions, and provide you with more resources to help you decide which plan is right for you.
Medicare Guidance You Can Count On
When it comes to choosing the right Medicare coverage for your needs, the guidance of an experienced insurance professional can make all the difference. Our team at Twin City Underwriters, with over 50 years of experience in helping individuals navigate the complexities of Medicare, is dedicated to understanding your lifestyle and health requirements. We provide personalized recommendations tailored to your unique circumstances, empowering you with the knowledge and support you need to make informed decisions. Reach out to us today and let us guide you through your Medicare options with expertise and care.
This is an updated blog post that was originally published in 2018.
Choosing a Medicare plan can be difficult. Twin City Underwriters helps Medicare recipients in Minnesota, Wisconsin, North Dakota, South Dakota, Iowa and Florida find the Medicare plan that meets their unique needs. Attend an online Medicare webinar, in-person Medicare workshop, or schedule a one-on-one meeting with one of our Medicare insurance brokers to get your questions answered!
Do you need help with Medicare, insurance and health plans? Explore your options with Allina Health Aetna, BlueCross BlueShield of Minnesota, Medica, UCare, United HealthCare and more. We work with you to find the best plan for your needs and budget. Contact us today to get started.
