Medigap vs. Medicare Advantage - Compass Insurance Advisors
  • Estimated reading time: 3 minutes

    Choosing the Right Plan

    When enrolling in Medicare, you have choices to enhance your plan. You can keep original Medicare, add a Medicare Supplement, or enroll in a Medicare Advantage plan.

    Original Medicare has no max out of pocket limits. So if you have a $100,000 medical bill, you may pay up to 20% or around $20,000. For this reason, most people will enroll in a Medicare Supplement or Medicare Advantage plan.

    • Original Medicare + prescription 
      • (Parts A & B) + D
    • Original Medicare + Medicare Supplement/Medigap + prescription 
      • (Parts A & B) + Supplement + D
    • Medicare Advantage 
      • (Part C) 

    Medicare Supplements vs. Medicare Advantage Plans

    Along with original Medicare, you have the option to add a Medicare Supplement Plan or Medicare Advantage plan. Medicare Supplements (also known as Medigap) are typically very comprehensive coverage. If you enroll when you first turn 65 there is no underwriting required, so you will be accepted onto the plan regardless of your health status. Medicare Supplements are an especially good fit if you encounter high medical costs and if you spend more than $150 a month on doctors visits.

    With a Medicare Advantage plan, the premiums start as low as $0. You will still have to pay your Part B premium. An Advantage plan will typically give you a maximum out of pocket limit, and has no deductible. With the extra coverage of an Advantage plan, you will simply pay small copays and coinsurance (For example, $5 to see a primary care physician or $15 to see a specialist). Once all your copays and coinsurance payments equal your max out of pocket, any qualified medical expenses will be covered 100%.

      Medicare Supplement Medicare Advantage
    Cost: $100/month $0/month
    Deductible: $198/year $0/year
    Co-Payments: No Yes
    Co-Insurance: No Yes
    Network:  No Yes
    Includes Prescription Drug Coverage: No Yes

    ** Bonus Tip: Medicare Advantage plans can be paired with a hospital indemnity plan to cover the major copayments and coinsurance required on an Advantage plan. Hospital indemnity plans pay you cash benefits in the case of hospitalizations, outpatient stays, long-term care and more. Medicare Advantage plans paired with a hospital indemnity plan can provide very comprehensive coverage and are still less expensive than a Medicare Supplement. If you are interested in getting a quote and comparing your options with Medicare Supplements/Medigap, Medicare Advantage plans, or a hospital indemnity plan, call or schedule an appointment to talk to one of our local Medicare advisors today! **

    Choose Your Health Insurance Program Wisely

    Deciding which plan is right for you can depend on a number of factors. Schedule a time to talk to one of our advisors today, and they can help explain all of your options. We can show you the Medicare Advantage plans available in your area, and compare Medicare Supplement plans. Our agents are trained to educate, so you can make the best decision for your situation.

    Are you looking to sign up for Medicare at the comfort of your home? Contact us today! Are agents available to do an online screen share appointment, and process your application online. Our local advisors are also available to meet in person in our office or at your home.

  • Leave a Reply

    Your email address will not be published. Required fields are marked *

Need Help?

Speak To A Certified Compass Agent Today!


Monday - Friday 8:00 am - 9:00 PM

Or Find Affordable Insurance Plans

Related Articles

Dynamic Blog Short Description

  • A Complete Guide to Health Savings Accounts

    A Complete Guide to Health Savings Accounts

    Introduction Are you tired of paying high premiums and medical bills while not fully understanding your insurance policy? Well, I'm here to tell you about some options that could save money on your medical expenses and premium while also getting tax benefits. Keep reading to learn more! What

    Read More
  • The Medicaid Unwinding Explained

    The Medicaid Unwinding Explained The Medicaid Unwinding Explained! What is the Medicaid Unwinding? At the start of the COVID-19 pandemic, Congress enacted the Families First Coronavirus Response Act (FFCRA). This ensured that people would have access to continuous health coverage through Med

    Read More
  • Medicare Part D

    Drug Coverage: What is Medicare Part D? Medicare drug coverage helps pay for prescription drugs. If you don’t currently require any prescriptions, there are still reasons to consider getting Medicare drug coverage.         Medicare drug coverage (Part D) is optional and is offered t

    Read More
  • How Much Does Health Insurance Cost?

    How Much Does Health Insurance Cost? How much does individual health insurance cost? The answer to that is dependent on many factors. One way to get a benchmark idea of how much you'll pay for health insurance is by looking at the federal poverty level.If you are paying for health insurance as a

    Read More
  • How to Apply for Medicaid

    What is Medicaid in Utah? Medicaid is a program that is funded by both the state and the federal government. The Utah Department of Health administers Medicaid but the Department of Workforce Services (DWS) determines someone’s qualification. Medicaid helps people with low income receive healt

    Read More
  • Health Coverage for Immigrants

    What options are available to immigrants? Many people who are not born in the United States often wonder if they can get health insurance and if they do, could they also qualify for government assistance? In this article, you will learn what kind of status qualifies for health insurance through

    Read More
  • The American Rescue Plan Act’s Effect on Health Insurance

    Due to the impact of Covid-19, President Biden passed the American Rescue Plan Act (ARPA) on March 11, 2021. One of the proponents of ARPA was to lower monthly health insurance premiums. This was done by increasing the eligibility for health insurance subsidies. Before ARPA was passed, fewer peo

    Read More
  • Health Insurance for Pre Existing Conditions

    What types of health insurance policies will cover preexisting conditions? In this article, we are going to walk you through what you need to know if you or anyone you know needs coverage due to a pre-existing condition. We will inform you of which insurance plans cover and which ones do not cover

    Read More
  • Who is eligible for the Health Insurance Marketplace?

    In 2010, the Health Insurance Marketplace was created by the Affordable Care Act (ACA) also known as Obamacare. Any United States citizen is eligible to apply for health insurance through the Marketplace, and many people will qualify for lowered monthly payments through an advance tax credit. If yo

    Read More

What Others Say About Us

Our Customers Love Us

Let Us Help You Find A Health Insurance Plan

No Extra Cost. Professional Guidance. Quick Analysis. Complete Protection. Simplified Enrollment. Personalized. Support.