What’s the Difference Between Medicare Supplement Insurance and Medicare Advantage?
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. The main things to think about when deciding 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?