Millions of senior adults in the United States are enrolled in Medicare. The program is pretty vast, nuanced, and a bit complicated to understand without some help. There’s no doubt that its different categories are confusing to navigate. To complicate the matter, apart from Original Medicare, recipients have the option to opt for programs with additional benefits as well.

Medicare Advantage and supplemental Medicare insurance are two different types of Medicare coverage that are available to seniors. Both possess some similarities and differences, making each one suitable for unique needs. So, when choosing a plan, it’s important to consider how the two differ so you can find the type of coverage that’s ideal for you.

Below, this supplemental Medicare insurance company in La Porte, Indiana is going to explain the differences between these two forms of coverage.

Medicare Advantage

Medicare Advantage caps your annual expenses made from pocket. The plan replaces Original Medicare (Part A and B) without excluding any benefits. Instead, it includes many other perks — like routine dental and vision care, prescription drugs coverage, etc. However, individuals can only use authorized network providers to qualify for a settlement.

These plans require monthly premiums, and they may or may not have deductibles. However, most people choose a $0 premium and deductible plan for convenience. All plans have an out-of-pocket limit each year, and there is also a flat copayment cost for healthcare. If you would like to learn more about the costs, your local supplemental Medicare insurance company in La Porte, Indiana will be happy to discuss.

Medigap

With Medigap, most of your out-of-pocket expenses are covered — as is the case with Medicare Advantage — and it works with Part A and B. You get your insurance from Medicare; however, it pays your coinsurance and deductible as well. Additionally, you have no restrictions on authorization and provider network; anyone who accepts Medicare can be partnered with.

The plans incur a high monthly premium as you age. Also, there is no cost-sharing with supplemental Medicare insurance in La Porte, Indiana.

Which Is Better?

First and foremost, it’s important to note that you can’t have both plans simultaneously. Your local supplemental Medicare insurance company in La Porte can help you choose the right one based on three crucial factors: extra benefits, flexibility, and predictability.

While Medicare Advantage plans may be expensive, supplemental plans are more cost-effective. Medicare Advantage offers a more comprehensive level of coverage than you get with Original Medicare. It can provide additional benefits covering even chronic health issues, which might not be the case with Medigap plans. However, Medigap is more flexible with its terms than Medicare Advantage.

Ultimately, it isn’t about which plan is better, but which one suits your needs the best. Given your lifestyle, budget, and health goals, if supplemental Medicare insurance in La Porte, Indiana covers the needs, that’s great. But if you are looking for all-inclusive insurance coverage, Medicare Advantage may be the better option.

Looking for the Top-Rated Supplemental Medicare Insurance Company in La Porte, Indiana?

We understand that planning for tomorrow isn’t as temping as living in the moment. But this can be a recipe for disaster, especially when you’re approaching your older years. After all, each stage of your life influences the next. So, it’s important to be good to your future self by taking care of your well-being.

Are you looking for the top-rated supplemental Medicare insurance company in La Porte, Indiana? If so, Senior Care Insurance Services is the company to call. With our 30+ years of experience, we have supported thousands of customers throughout Northwest Indiana with their insurance needs. Contact us today at (219) 299-2311 to get started.