Medicare Advantage vs. Medicare Supplement
Also known as Medicare Part C, Medicare Advantage plans provide members with their Medicare Part A and Part B coverage, plus extra benefits that Original Medicare does not provide. Unlike Original Medicare, with a Medicare Advantage plan, all coverage- medical, hospital, prescription drug – is included. Instead of relying on Medicare Parts A and B to cover hospital and medical expenses (and a separate Part D plan for prescription drugs) they are conveniently covered by one simple, all-inclusive plan.
Also known as Medigap policies, Medicare Supplement plans can help pay for the cost of healthcare services and supplies not covered under Original Medicare. Medicare Supplement plans help fill gaps not covered by Medicare and can help with paying copayments, coinsurance, and deductibles. Medicare Supplement insurance plans do not include prescription drug coverage. For prescription drug coverage, a separate Medicare Part D drug plan must be purchased.
Updated October 1, 2020