Lexikam Senior Insurance
Medicare Services
Medicare Advantage (Part C) and Medicare Supplement (Medigap) plans both help cover healthcare costs but serve different purposes:
Medicare Supplement
-
Supplemental coverage: Works alongside Original Medicare (Parts A and B) to help cover out-of-pocket costs like deductibles, coinsurance, and copayments.
-
Standardized plans: Offered by private insurers with standardized benefits (e.g., Plans A, B, C, etc.), but prices can vary.
-
No network restrictions: Allows you to see any doctor or specialist that accepts Medicare, providing more flexibility in choosing healthcare providers.
Medicare Advantage(Part C)
-
All-in-one coverage: Combines Medicare Part A (hospital insurance) and Part B (medical insurance), often including Part D (prescription drug coverage) and additional benefits like vision and dental.
-
Managed care: Typically offered by private insurance companies; may require you to use a network of doctors and hospitals.
-
Cost-sharing: Often includes copayments, coinsurance, and deductibles, but may have lower out-of-pocket costs compared to Original Medicare.
