When you sign up for Medicare, you can choose either a Medicare Advantage Plan or a Medicare Supplement (MediGap) Plan—you cannot have both. These plans help cover medical expenses in different ways.
Medicare Advantage Plans
- Low or no monthly premiums
- May require co-pays or co-insurance
- Must usually use a network of providers
- May include vision, hearing, dental, OTC items, and groceries
Medicare Supplement (MediGap) Plans
- Higher monthly premiums
- Covers more out-of-pocket costs (deductibles, co-pays, co-insurance)
- Freedom to choose any medical provider
- Does not cover prescriptions
For personalized help choosing a plan, contact a HealthMarkets insurance professional: healthmarkets.com
Visit the link below for more information.
https://www.medicare.gov/health-drug-plans/medigap/basics/how-medigap-works
