Medicare Supplement
VS
Medicare Advantage
Medicare Supplement Pros:
Original Medicare is primary
No networks, freedom to choose your provider
Known expenses, peace of mind
100% Hospital Coverage on Plan G or N
$240 Annual Part B deductible in 2024 on Plan G or N
Plan travels with you
No prior authorization
Medicare Advantage Pros:
$0 to low monthly premium
Part B giveback may be availalble on some plans
Dental, Vision, Hearing, Gym, Transportation and Over The Counter benefits may be included
All-In-One Plan - hospital, medical, and Part D included on most plans
Specific plans designed for Dual Eligibles
(Medicare/Medicaid), Veterans, and those with chronic illness
Medicare Supplement Cons:
Monthly premium that increases as you age
Does not cover dental, vision or hearing
Does not include Part D (must purchase separately)
Medicare Advantage Cons:
Tied to certain networks
Plans can change from year to year
Unknown expenses
Prior authorization may be required for certain services