Medicare Advantage vs Medicare Supplement: 2020 Medicare Plans Explained
Medicare Bob Medicare Bob
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 Published On Dec 23, 2019

Compare Medicare Plans Here: https://www.seniorhealthcaredirect.co...

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

#MedicareAdvantagevsMedicareSupplement #2020 Medicare PlansExplained

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