Once you have your original Medicare coverage secured, you will have a choice of options for improving your Medicare coverage. You may combine your Original Medicare plan with a Medicare Supplement plan, or you can sign up for a Medicare Advantage plan. Two out of three people choose the Medicare Supplement option, one third choose the Medicare Advantage option. The Medicare Advantage option is growing in popularity. So, which option is right for you? A brief explanation of the workings of both options may help.
How A Medicare Supplement Plan Works
A Medicare Supplement plan is designed to fill in the "gaps" in your Original Medicare coverage. Medicare supplement plans don't work like most health insurance plans. They don't actually cover any health benefits. Instead, if you incur a medical bill, these plans cover the portion of the bill that Medicare does not cover. These costs can include: