Medicare Advantage Plans and Medigap Insurance Plans both expand the coverage available through Original Medicare, but where you live can affect the choices you may have. Medicare Advantage Plans are not available universally, but Medigap Plans are typically available throughout an entire state.
When multiple Medicare Advantage Plans are available in your area, remember that these plans all have different rules and may cover different medications.
Medicare Supplement Insurance, on the other hand, is standardized so every plan with the same letter, such as Medigap Plan F, does have the same rules and the same benefits. That makes it easier to compare plans. Plan A has the fewest benefits and Medigap Plan F has the most comprehensive coverage.
Prices can vary drastically, though. You’ll need to get several quotes from different insurance companies to find the best value. One shortcut that can help you identify the plans that best fit your needs for the lowest price is to request help comparing plans in your area. At www.MedigapAdvisors.com, you can learn about Medicare Advantage Plans and Medicare Supplement Plans.
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