Ann Arbor |  Brighton ☰ ˟
Logo
Ann Arbor 734-327-5970 | Brighton 810-225-8977
  • BLOG
  • GET A QUOTE
    • GET A QUOTE
    • Annuities
    • Dental
    • HealthImage of right arrow
      • Priority Health - Individual Family Health
      • Priority Health - Individual Short Term
      • Blue Cross Blue Shield
      • Disability Insurance Quote
      • Long Term Care Insurance Quote
    • LifeImage of right arrow
      • Life Insurance Quote
      • Term Life Insurance Quote
    • MedicareImage of right arrow
      • Medicare Advantage Plans
      • Medicare Supplement Plans
    • Vision
  • PRODUCTS
    • Annuities
    • Dental
    • Health
    • LifeImage of right arrow
      • Term Life Insurance
    • MedicareImage of right arrow
      • Medicare Advantage
      • Medicare Supplement
    • Vision
    • Disability & Long-Term Care
    • Group Health
  • BLOG
  • RESOURCES
    • Refer a Friend
    • Important Links
    • Insurance Glossary
  • ABOUT US
    • About Us
    • Employee Directory
    • Privacy Policy
  • CONTACT US
    • Contact Us
    • Join our Newsletter
Icon

Group Health Insurance

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
Icon

Personal Term Life Insurance

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
Icon

Permanent Whole Life Insurance

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
Icon

Personal Health Insurance

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
Icon

Disability & Long-Term Care

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
Icon

Group Ancillary Benefits (STD / LTD / Dental / Vision / Life)

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
Home > Blog > Medicare Advantage Plans and Medicare Supplemental Insurance
TUESDAY, AUGUST 23, 2022

Medicare Advantage Plans and Medicare Supplemental Insurance

There several choices eligible individuals may make about Medicare. There are different plans available, including Medicare Advantage Plans and Medicare Supplemental Insurance (Medigap). Below is a broad overview of those two coverages.medicare

The knowledgeable team at Active Insurance Agency LLC in Brighton, Michigan, can also help you with your Medicare questions. Reach out to us for more information.

What Is Medicare?

Before exploring Medicare Advantage Plans and Medicare Supplemental Insurance, it is essential to understand what Medicare is.

In general, it is a federally funded health insurance program available to the following people:

·        Individuals who are 65 or older

·        Certain younger people with disabilities

·        Individuals with end-stage renal disease (permanent kidney failure requiring dialysis or a transplant, sometimes called ESRD)

Additionally, there are different parts of Medicare. Its primary benefits, known as Original Medicare, consists of two types of coverage: 

  • Medicare Part A (Hospital Insurance) help pays for hospital services (e.g., inpatient hospitalizations, surgeries and similar care).
  • Medicare Part B (Medical Insurance) helps pay for preventive services, labs, x-rays, vaccinations and other outpatient costs. 

Medicare Part D can also help cover the cost of prescriptions and recommended vaccines.

What Are Medicare Advantage Plans? 

A Medicare Advantage Plan, or Medicare Part C, is a Medicare-approved insurance plan sold by private insurance companies. They offer alternatives to the federally run Original Medicare (Part A and Part B) and may provide the coverages of Medicare Part A and Medicare Part B (with limited exceptions).

Additionally, Medicare Advantage Plans may offer expanded benefits such as dental, hearing and vision care and may include prescription drug coverage (Medicare Part D). However, Medicare Advantage Plans may have a different network of providers and other associated expenses.

What Is Medicare Supplemental Insurance?

Medicare Supplemental Insurance is also known as Medigap. Private insurers sell these plans to help pay for your share of costs that Original Medicare (Part A and Part B) does not cover. For example, they may provide coverage for copayments, coinsurance, deductibles (with exceptions for Part B deductibles) and the costs of care outside of the United States.

You must have Medicare Part A and Part B (Original Medicare) to be eligible for Medicare Supplemental Insurance. You cannot be sold a Medigap policy if you have a Medicare Advantage Plan unless you are switching back to Original Medicare.

Contact Us for More Information

The terms and options may seem complicated, but the professionals at Active Insurance Agency are ready to help you navigate the process. Contact us today for more information.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.

Posted 2:14 PM

Tags: medicare
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021
  • 2020

  • life insurance(6)
  • insurance(6)
  • coverage(5)
  • medicare(4)
  • ann arbor art fair(2)
  • life(2)
  • healthcare(2)
  • health(2)
  • group(2)
  • group health insurance(2)
  • premiums(2)
  • permanent whole life insurance(2)
  • employee(2)
  • benefits(2)
  • policy(2)
  • costs(2)
  • whole life insurance(2)
  • auto insurance(1)
  • health insurance(1)
  • employee benefits coverage(1)
  • long-term care(1)
  • employee benefits(1)
  • group ancillary benefits(1)
  • whole(1)
  • terms(1)
  • dental insurance(1)
  • life insurance policy(1)
  • whole life(1)
  • term life insurance(1)
  • whole life vs term life insurance(1)
  • long term care insurance(1)
  • retirement(1)
  • medicare advantage(1)
  • term(1)

View Mobile Version

Contact Us Today!
Ann Arbor 734-327-5970 | Brighton 810-225-8977

Social Social

Resources

  • Products
  • Customer Service
  • News
  • About Us
  • Refer A Friend
  • Our Carriers
  • Blog
  • Contact Us

Contact Us

Ann Arbor 734-327-5970
Brighton 810-225-8977
Fax: 734-327-5972
Email: rob@activeinsuranceLLc.com
© Copyright. All rights reserved. | Powered by Insurance Website Builder