Medicare Advantage plans are an alternative to Original Medicare. These plans, sometimes called “Part C”, are offered by Medicare-approved private companies that must follow rules set by Medicare. To enroll in a Medicare Advantage plan, you must have Original Medicare, Part A, and Part B. Some MA Insurance Plans may include additional benefits that Original Medicare doesn’t cover, such as routine vision and/or dental, and prescription drugs. There are many different Medicare Advantage plans with varying cost structures and plan benefits.
Medicare Supplement insurance plans, also called Medigap are health insurance policies that help pay some of the health care costs that Original Medicare doesn’t cover. When you buy a Medicare Supplement insurance plan, you are still enrolled in Original Medicare, Part A and Part B. Medicare pays for your health-care bills primarily, while the Medigap plan simply covers certain cost-sharing expenses required by Medicare, such as copayments or deductibles. You can apply for Medicare Supplement Insurance plans through private insurance companies.