What has better coverage medicare supplemental or advantage?
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Asked February 10, 2011
Medicare Advantage is a better overall health plan, but it is not necessary for everyone on Medicare anymore than having Supplemental coverage is. Those who qualify may find that all of their anticipated costs are covered by Medicare or Medicaid plans. For others, Medicare Supplement is and affordable alternative to the complete range of benefits offered through Medicare Advantage.
Advantage has several qualifying characteristics which must be met. For example, you must have Medicare Parts A and B. You will be required to make premium payments on an Advantage plan, which is modeled around the HMO health plans. Because it uses contracted care providers, you may find that having Medicare Advantage means you will have to give up some or all of your current health care providers or specialists.
Where the costs are concerned, Medicare Supplemental is much less expensive than Medicare Advantage. Supplemental coverage, though, is only intended to close some of the gaps left in the Medicare system, and Advantage is meant to handle those deficits as well as extend the range and value of procedures that do not have sufficient support in Supplemental health care. Supplemental Medicare is exactly what the name implies: an extension of the coverage provided by Medicare. It is not operated under the same regulations as Medicare Advantage, and you are generally allowed to continue using the same care givers you always have.
If your requirements are minimal, using Supplemental coverage makes sound economic sense. It is when you need more services or extended support for those you have when Advantage becomes the extended coverage of choice.
Answered February 10, 2011 by Anonymous