Medicare: Advantage plans vs. supplement plans

Medicare Advantage plans are a new alternative to Medicare supplement plans. Take a look into each of these health insurance plans to determine which has the best coverage for you based on your potential claims. After all, there are some distinct differences between each legal insurance policy or life insurance option. Taking a look at some of the key benefits of Advantage plans might prove to you why it’s not a choice to be taken too lightly. If you decide an Advantage health plan might be the right choice for you, we can help you get the best coverage right away.

Advantage plans don’t raise premiums as you grow older. Premiums can only be raised if carrier is raising rates for an entire region. No individual is ever singled out for those increases because of age. On the other hand, Medicare supplement plans have premiums that go up with age, and vary by health and gender. With an Advantage plan, you won’t have to worry about having your premiums go up over the years, which could become quite a burden, especially if you’re experiencing a decrease in your income or facing other financial concerns.

With Advantage plans, you only pay for healthcare services when needed. Medicare Advantage plans are typically less costly than Medigap plans and offer the same amount of coverage as a standard Medicare plan, making it an excellent option for those who are on a tight budget. After all, those eligible for Medicare often are on a limited income, and for them, having a little bit of a safety net can make all the difference.

I’ll help you decide whether or not an Advantage plan is the right choice for you. Advantage plans have some key benefits over Medigap plans; making the choice an easy one. However, it’s important to go over all of the details with a health insurance agent to determine if Medicare Advantage is right for you and what might be the best Advantage plan given your individual needs.

I can explain the copays and how to monitor out-of-pocket exposure. Although Advantage plans usually come with copays and deductibles, there is also a limit on out-of-pocket costs you will have to pay annually. Once you hit that mark, your Advantage plan will pick up the total amount of your bills for the remainder of that year.

Call us today at (818) 404-1446 to find out how a Medicare Advantage plan might be the right choice for you.