Below is a side by side comparison of the benefits of medicare advantage plans VS. medicare supplement plans. Each person has unique circumstances and must decide which option is best for them. Typically supplement plans are much more expensive than advantage plans but the benefits are richer and copays tend to be lower. Advantage plans to have some added perks you won't find with a supplement. And don't forget prescription drug coverage. Most advantage plans will include that coverage while the supplements will require you to purchase a separate prescription drug plan which usually ranges $20-$100/month.
$0/Month premiums on most plans Premiums range from $100-$300/month
| MEDICARE ADVANTAGE | MEDICARE SUPPLEMENT |
$0/Month premiums on most plans Premiums range from $100-$300/month
Network based plan PPO/HMO Accepted anywhere medicare is accepted
Prescription drug plan included most plans Prescription drug plan sold separately
Some plans offer dental coverage Dental coverage not included
No coverage for foriegn travel Some plans offer coverage foriegn travel
Client continues to pay Part B premium Client continues to pay part B premium
Added benefits such as vision/hearing No added benefits
Limit on out of pocket maximum Limit on out of pocket maximum
Low copays for many services Some plans offer no copays
Guarantee issue at all times Guarantee issue only at certain times
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