Medicare is the US Government’s federally managed countrywide social insurance that was established in 1965. Americans who are 65 years of age or above are assured access to health care through this program. The medicare also takes into consideration the younger individuals with certain disabilities or who are suffering from renal disease. Medicare merits are elucidated below:
• Part A – hospital insurance
• Part B – medical insurance
• Part C – Medicare Advantage plans
• Part D – prescription drug plans
Part A embraces hospitalization that is obligatory whereas Part B covers visits to the doctor as well as any medical tools that may be useful for the patient. As a result, there are certain gaps in these coverages which can only be covered by either a Medicare Advantage plans or Medicare Supplement insurance.
As with Medicare Advantage Plans, Medicare Supplement Insurance also works with Medicare. The both plans are similar to each other in certain aspects but there are considerable differences as well. They offer extra coverage to the existing Medicare but one of the key differences is that Medicare Advantage premiums are generally lower than Medicare Supplement plans. They embrace merits and prescription drug coverage that an original Medicare does not support.
There are certain services that Medicare Supplements Insurance does not cover whereas there is with Advantage plans. One of the significant differences between Advantage and supplement insurance is that Advantage plans restrict the time during the year that you can register in one of their plans. On the other hand, supplement plans allow you to register throughout the year whenever you want.
Reference Blog: https://medigap4seniorsblog.wordpress.com/2015/09/22/whats-the-difference-between-medicare-advantage-and-medicare-supplement-plan/
• Part A – hospital insurance
• Part B – medical insurance
• Part C – Medicare Advantage plans
• Part D – prescription drug plans
Part A embraces hospitalization that is obligatory whereas Part B covers visits to the doctor as well as any medical tools that may be useful for the patient. As a result, there are certain gaps in these coverages which can only be covered by either a Medicare Advantage plans or Medicare Supplement insurance.
As with Medicare Advantage Plans, Medicare Supplement Insurance also works with Medicare. The both plans are similar to each other in certain aspects but there are considerable differences as well. They offer extra coverage to the existing Medicare but one of the key differences is that Medicare Advantage premiums are generally lower than Medicare Supplement plans. They embrace merits and prescription drug coverage that an original Medicare does not support.
There are certain services that Medicare Supplements Insurance does not cover whereas there is with Advantage plans. One of the significant differences between Advantage and supplement insurance is that Advantage plans restrict the time during the year that you can register in one of their plans. On the other hand, supplement plans allow you to register throughout the year whenever you want.
Reference Blog: https://medigap4seniorsblog.wordpress.com/2015/09/22/whats-the-difference-between-medicare-advantage-and-medicare-supplement-plan/
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