Medicare Insurance Plans: Traditional Medicare, Advantage Plans, and Supplements

Medicare can be confusing, but understanding the differences between Traditional Medicare, Medicare Advantage, and Supplements is essential. Here's a quick guide:

Traditional Medicare: Part A and Part B

- Part A (Hospital Insurance): Covers inpatient hospital stays, skilled nursing facilities, hospice, and some home health care. Usually premium-free if you or your spouse paid Medicare taxes.

- Part B (Medical Insurance): Covers doctor visits, outpatient care, preventive services, and more. Requires a monthly premium.

- Limitations: No coverage for prescription drugs, dental, vision, or hearing.

Medicare Advantage Plans (Part C)

- Combines Part A and Part B benefits.

- Often includes extras like prescription drug coverage, dental, vision, and wellness programs.

- Typically requires using a network of providers.

- May have lower out-of-pocket costs but includes copays and coinsurance.

Medicare Supplements (Medigap)

- Covers gaps in Original Medicare, like copayments, coinsurance, and deductibles.

- No network restrictions; visit any Medicare-accepting provider.

- Requires a separate Part D plan for prescription drugs.

- Includes an additional monthly premium. 

Choosing the Right Plan

Feature	Traditional Medicare	Medicare Advantage	Medigap
Provider Choice	Any Medicare provider	Restricted to network	Any Medicare provider
Prescription Drugs	Separate Part D required	Often included	Separate Part D required
Additional Benefits	Limited	Vision, dental, wellness	None
Costs	Higher out-of-pocket	Lower premiums, copays	Lower out-of-pocket, extra premiums

Need Help Choosing?

Our agency specializes in finding the perfect Medicare plan for you. Whether it’s Traditional Medicare, an Advantage Plan, or a Supplement, we’re here to help.

Connect with us today!

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