Medicare Supplement Plans
Medicare supplements help fill in the gap that exists when a person 65 years of age or older is covered under Medicare part A and B. These Medicare programs pay for 80% of hospital and doctor care, but the 20% that remains can be very costly, not to mention that there are still deductibles for Medicare by it self. The supplement is usually a good way to go for persons that can forsee large future medical expenses or are experiencing poor health.
Medicare Advantage Plans
Medicare advantage plans are all together different from supplements in the fact that all the dollars that Medicare would spend on your behalf are given to an insurance company of your choice to manage your care. It typically is comparable to traditional health insurance with deductible and copayments. There are also drug benefits that come with a Medicare advantage plan and there is no need to purchase an additional drug plan. Typically person with good health that want to save money would be good candidates for this kind of plan.
