Benefits of Medicare, Medigap, and Medicare Advantage Health Insurance

Most people do not quite understand how Medicare and Medigap work and as much as there are many resources about the two, all the information can be overwhelming and confusing. In this article, we will evaluate each and the benefits you get when you pick one of over the other.

Understanding Medicare and Medigap

Everyone, over the age of 65 in the US can apply for Medicare insurance coverage.  It is important to note is that the coverage is divided into four parts. Part A provides hospital care, Part B covers doctors’ fees, equipment used in the treatment and medical procedures. Part D covers prescription drugs which cost over and above your cover especially for older patients and supplemental insurance plans that take care of medical expenses that exceed your cover so that you don’t have to tap into your savings to get treatment.

Medigap is additional health insurance coverage that participants purchase from private insurance companies to help take care of medical costs that are not covered by your Medicare coverage. These include things like deductibles, co-payments and healthcare should you seek treatment outside the United States. It is important to note that a Medigap policy does not cover dental care, vision care, hearing aids, or eyeglasses.

Medigap policies can only be given to individuals who are already under Medicare cover Part A and Part B. If you already have a Medicare Advantage plan, you cannot qualify for a Medigap plan.

Medigap vs Medicare Advantage: Which will serve your interests better?

  1. Medigap coverage costs more per month but it might cost less than out of pocket payments that you might be forced to pay for a Medicare Advantage plan. On the other hand, a Medicare Advantage plan will insure more medical services and cost less in the long run.
  2. Medicare Advantage covers, limit the choice you have when deciding which doctors to see from which health facilities. Conventional Medigap and Medicare covers on the other gives you more leeway because you can get treatment from any medical center that accepts the cover.
  3. Medicare Advantage cover is operational within specific jurisdictions. Meaning should you need medical attention while away from home, it will not be useful for you. Medigap, on the other hand, covers you in every state in the U.S and even abroad to specified regions.

Choosing the Right Plan For You

Ultimately whether you choose Medigap or Medicare, the key to having the best insurance policy that your money can buy for your specific healthcare needs.

Learn more about Medigap plans and rates at  Medigap Insurance brokers will help you compare Medigap Insurance rates and plans.  To talk to an expert in Medigap coverage call toll free 888-452-7949!

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