What is the difference between an advantage plan and a supplement plan?

Asked by: Xander Stracke  |  Last update: September 5, 2023
Score: 4.8/5 (62 votes)

A Medicare supplement plan cannot terminate your coverage and is guaranteed renewable for life, as long as you pay your premium. Medicare Advantage plans can change benefits and networks, or even be discontinued, at the end of each year.

Is Medicare Advantage and Supplement the same thing?

A Medigap policy is different from a Medicare Advantage Plan (Part C). A Medicare Advantage Plan is another way to get your Medicare coverage besides Original Medicare. A Medigap policy is a supplement to Original Medicare coverage.

What is the advantage of a Medicare Supplement plan?

Though Original Medicare provides some health coverage, you should know that it does not pay for everything. This is where a Medicare Supplement plan (also known as Medigap) can help ― it can help cover the health care costs not covered by Original Medicare, including some copayments, coinsurance, and deductibles.

Can I switch from a Medicare Supplement plan to an Advantage plan?

Not only you can switch from Medigap to Medicare Advantage (MA), but depending on your situation, this may be a smart move for Medicare-eligible seniors. Medigap is typically more expensive than Medicare Advantage, so if you start with Medigap but cannot afford it's monthly premiums, MA can save you money each month.

Can you go back to regular Medicare after an Advantage plan?

If you're already in a Medicare Advantage plan and you want to switch to traditional Medicare, you should contact your current plan to cancel your enrollment and call 1-800-MEDICARE (1-800-633-4227). Note there are specific enrollment periods each year to do this.

Medicare Advantage vs Medicare Supplement Plans (Updated Review and Important Tips)

34 related questions found

Can you have both Medicare Advantage and Medicare Supplement plans?

Medicare Advantage and Medicare Supplement are different types of Medicare coverage. You cannot have both at the same time. Medicare Advantage bundles Part A and B often with Part D and other types of coverage. Medicare Supplement is additional coverage you can buy if you have Original Medicare Part A and B.

Do you still pay Medicare Part B with an Advantage plan?

In addition to your Part B premium, you usually pay a monthly premium for the Medicare Advantage Plan. In 2023, the standard Part B premium amount is $164.90 (or higher depending on your income). If you need a service that the plan says isn't medically necessary, you may have to pay all the costs of the service.

Is Medicare Advantage cheaper?

A Medicare Advantage plan is usually the cheaper overall option for those with low or moderate medical needs, after considering the cost of the plan and expenses for medical care. Medicare Advantage enrollees typically pay very little each month but will pay a larger portion of medical costs.

What is the difference between traditional Medicare and Medicare Advantage plans?

Medicare Advantage: Coverage. Original Medicare covers inpatient hospital and skilled nursing services – Part A - and doctor visits, outpatient services and some preventative care – Part B. Medicare Advantage plans cover all the above (Part A and Part B), and most plans also cover prescription drugs (Part D).

Is Medicare Advantage better or worse?

For many seniors, Medicare Advantage plans can work well. A 2021 study in the Journal of the American Medical Association found that Advantage enrollees often receive more preventive care than those in traditional Medicare. But if you have chronic conditions or significant health needs, you may want to think twice.

Is it necessary to have a Medicare Supplement?

Medicare supplement plans are optional but could save you big $$$ on doctor bills. Your cost-sharing under Part B is similar. You are responsible for paying your Part B deductible, which is $226 in 2023. Then Part B Medicare only pay 80% of approved services.

Does a Medicare Advantage plan it replace Medicare and or supplement it?

If you join a Medicare Advantage Plan you'll still have Medicare, but you'll get most of your Part A and Part B coverage from your Medicare Advantage Plan, not Original Medicare. You must use the card from your Medicare Advantage Plan to get your Medicare- covered services.

Do I have to pay for Medicare Part D if I have supplemental insurance?

You're required to pay the Part D IRMAA, even if your employer or a third party (like a teacher's union or a retirement system) pays for your Part D plan premiums. If you don't pay the Part D IRMAA and get disenrolled, you may also lose your retirement coverage and you may not be able to get it back.

What is a Medicare Supplement plan?

Medicare Supplement Insurance (Medigap) is extra insurance you can buy from a private health insurance company to help pay your share of out-of-pocket costs in. Original Medicare. Original Medicare.

Can you have Medicare and UnitedHealthcare at the same time?

In most cases, you are automatically enrolled if you qualify. Most UnitedHealthcare dual-eligible plans do not charge a separate monthly premium. People eligible for Medicare may also qualify for the program that helps lower the cost of prescription drugs.

Why do so many older adults choose Medicare Advantage?

Many Medicare Advantage plans offer additional benefits, such as money toward dental or vision care, which isn't covered by original Medicare. About 1 in 4 people say extra benefits pushed them to choose Medicare Advantage, according to a survey by the Commonwealth Fund, a health care think tank.

Do Medicare Advantage plans pay for everything?

Medicare Advantage Plans must cover all of the services that Original Medicare covers except hospice care. Original Medicare covers hospice care even if you're in a Medicare Advantage Plan. In all types of Medicare Advantage Plans, you're always covered for emergency and urgent care.

Is Medicare Supplement more expensive than Medicare Advantage?

Specifically, Medicare Advantage plans could cost between $0 and $100 a month, while Supplement coverage may vary between $50 and $1,000 per month. Although Medicare Supplement costs more in premiums, you'll find there are usually few or no out-of-pocket costs.

Is Medicare Advantage premium deducted from Social Security?

For those seniors who opt to get Medicare Advantage, they can also choose to have these premiums deducted from their Social Security checks.

How do you qualify to get $144 back from Medicare?

To qualify for the giveback, you must:
  1. Be enrolled in Medicare Parts A and B.
  2. Pay your own premiums (if a state or local program is covering your premiums, you're not eligible).
  3. Live in a service area of a plan that offers a Part B giveback.

Do you need Medicare A and B for Medicare Advantage?

You must have Medicare Part A (Hospital Insurance) and Part B (Medical Insurance) to join a Medicare Advantage Plan. You must have Medicare Part A and/or Part B to join a separate Medicare drug plan. For information about signing up for Medicare Part A and Part B, visit Medicare.gov/basics/get-started-with-medicare.

Can you have a supplement and an advantage plan?

You can't have a Medicare Advantage plan and a Medicare Supplement insurance plan at the same time. That means if you're interested in these types of Medicare coverage, you'll need to choose between the two. Here's some information about them that might help you decide.

Can you go from Medicare Advantage to Original Medicare?

Yes, you can elect to switch to traditional Medicare from your Medicare Advantage plan during the Medicare Open Enrollment period, which runs from October 15 to December 7 each year. Your coverage under traditional Medicare will begin January 1 of the following year.

How much is Medicare Part B?

Most people pay the standard Part B monthly premium amount ($164.90 in 2023). Social Security will tell you the exact amount you'll pay for Part B in 2023. You pay the standard premium amount if you: Enroll in Part B for the first time in 2023.