Which Is Best Medigap Or Medicare Advantage?

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   Bill Loughead

   President, SummitMedigap.com, CO, FL, GA, MI, NC, SC & TX

   The answer to that question depends a lot on the needs of the individual. I will explain some of the pros and cons of both.
   
   Medigap Plans (also known as Medicare Supplement)-
   
   - Monthly premium (amount will vary based on the type of plan)
   - Little to no out of pocket costs.
   - No network- You can go to any doctor or hospital you want. If they take Medicare they will take the supplement
   - Benefits can't change from year to year
   - Guaranteed renewable- as long as you make the premium payment you can keep the plan the rest of your life
   
   Medicare Advantage-
   
   - $0 or very low monthly premium
   - However, the max out of pocket expenses can be $6,700 per year
   - There is a network
   - The benefits and network can change from year to year

   Answered on August 23, 2014

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