Medicare Supplements vs Medicare Advantage: What’s the difference between them?
Medicare Supplements vs Medicare Advantage is a difficult question with pros & cons for each. Both Medicare supplement insurance plans and Medicare Advantage plans are offered by private insurance companies approved by Medicare. With either choice, you continue to pay a monthly Part B premium to Medicare. So when it comes to Medicare Supplements vs Medicare Advantage, the main things to help you decide between them are:
- Do you want the choice of any provider or are you willing to choose a provider from within a provider network?
- Would you rather buy a separate prescription drug plan or get drug coverage included in one plan?
- Would you rather pay more in monthly premiums and have lower out-of-pocket costs for services you receive or pay a low or $0 monthly premium and co-pays for services as you use them?