{"id":403,"date":"2018-11-14T11:56:27","date_gmt":"2018-11-14T11:56:27","guid":{"rendered":"http:\/\/www.autodermcarcare.com\/?p=403"},"modified":"2018-11-14T11:56:27","modified_gmt":"2018-11-14T11:56:27","slug":"medigap-vs-medicare-advantage-all-you-need-to-know","status":"publish","type":"post","link":"https:\/\/autodermcarcare.com\/medigap-vs-medicare-advantage-all-you-need-to-know\/","title":{"rendered":"Medigap vs. Medicare Advantage – All You Need To Know"},"content":{"rendered":"
Many people overlook important things when selecting which Medicare plan to choose. Since there are many available options, it is easy to get lost in selecting the right Medicare plan for you. It is not just about looking for the lowest premium but also taking into consideration other key factors. Sometimes, choosing more coverage costs money in the present and saves you money down the road.<\/p>\n
If you intend to settle for either the Medigap plan or the Medicare Advantage plan, then this article will help you in deciding between which of the two to settle for.<\/p>\n
First things first. It is important to understand what the differences between Original Medicare and Medicare Advantage are before discussing Medigap and Medicare Advantage. You need to understand that all these plans are more of an improvement to the Original Medicare Plan.<\/p>\n
Original Medicare vs. Medicare Advantage<\/p>\n
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The similarities between Medicare Advantage and Original Medicare are:<\/p>\n
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They both cover inpatient and outpatient treatment<\/li>\n
They both have co-pays, coinsurances, and deductibles<\/li>\n
The coverage plan they both have mimicked an employer-sponsored health plan<\/li>\n<\/ul>\n
Essentially, you can see that they provide the same coverage that you probably need. As a result, it may be difficult for you to decide which coverage to choose. The differences, pros, and cons will help you with the decision.<\/p>\n
The differences between Medicare Advantage and Original Medicare are;<\/p>\n
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The Federal government is responsible for administering Original Medicare while Medicare Advantage is administered through private health organizations<\/li>\n
Original Medicare has no maximum out of pocket limit while Medicare Advantage has a maximum out of pocket limit<\/li>\n
Original Medicare does not provide coverage for prescription drugs and routine vision, dental and hearing checkups while Medicare Advantage often does<\/li>\n
Original Medicare is accepted nationwide in places where Medicare is accepted while Medicare Advantage plans have a network.<\/li>\n<\/ul>\n
\n<\/strong>Pros of Original Medicare<\/strong><\/p>\n
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Nationwide coverage<\/li>\n
The consistency of the benefits of plans<\/li>\n
Medicare Supplement Plan can be added to cover your cost sharing<\/li>\n
There\u2019s no need to assign a primary care physician<\/li>\n
There\u2019s no need to obtain a referral to see a specialist.<\/li>\n<\/ul>\n