1. 2275 POINTS
    Bill LougheadPRO
    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
  2. Did you find these answers helpful?

Add Your Answer To This Question

You must be logged in to add your answer.

<< Previous Question
Questions Home
Next Question >>