What Is The Difference Between Medigap And Medicare Advantage?
981 POINTSview profileJeffrey VanCleveMarketing Director, JLS Marketing Concepts LTD, Canton, OHBasically, Medigap is private insurance that supplements original Medicare (Part A and Part B). Original Medicare requires the Medicare beneficiary to pay specified deductibles and coinsurance, and Medigap (Medicare supplement) policies are designed to cover some or all of these amounts. Medicare Advantage (MA) Plans are private insurance plans that take the place of original Medicare (Part A and Part B), and often include Part D drug coverage as well. MA Plans may or may not require a monthly premium, and specify plan benefits, care requirements and cost sharing which may differ from original Medicare. In order to fully understand differences and obtain a Medicare plan best suited to your needs, it is advisable to meet with a qualified senior market insurance agent/agency with experience in Medicare insurance plans.Answered on October 21, 2014flag this answer
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