There’s a big difference between Medicare Advantage plans and Medicare Supplement plans, and now is the perfect time to see whether you could get more for your money by switching to a Medicare Advantage plan. Open enrollment lasts from November 15 through December 31, but that doesn’t mean you have time to spare. Medicare Advantage plans are available from a variety of insurers so you’ll want to take the time to get a good idea of all the options available to you.
Unlike Medigap insurance, Medicare Advantage plans replace Original Medicare rather than supplement it. If you join one of these plans, you’ll receive your Original Medicare coverage through private insurers, which typically offer additional benefits over Original Medicare. Medicare Advantage plans may have no premiums unless you add Part D prescription coverage.
To join a Medicare Advantage plan, you must have Medicare Part A and Part B. That means you will have to pay your monthly Medicare Part B premium to Medicare, but remember you won’t have a monthly premium for your Medigap plan after you switch.
As the nation’s leading online specialist in how to get the most from Medicare, we are MediGap Advisors. You can visit us online at www.MediGapAdvisors.com or call our friendly receptionist at 866 323-1441. There’s never a charge for our confidential consultation to help you get the answers you need and the health care you deserve.
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