At Humana Medicare Advantage Plans 2020, you will be able to access both Medigap and Medicare Advantage. Before you decide which one to go for, then you will need to understand the difference between them. Just like any other insurance enterprise, Medicare can really be confusing. The good thing is that the basics of the program are easy to understand.
There are four basics in the medicare parts which are: A, B, C and D. when combined together, they provide the basic coverage for a senior who is above 65 years. Part A covers hospital care, Part B covers medical procedures, doctors, and equipment, part D covers the prescription drugs.
The issue comes in with the costs for health care which are not covered such as copays, deductibles, and other expenses which might impact negatively costs when you become seriously sick. That is where part C comes in handy. Also referred to as Medical advantage it is one of the best way which you can use to protect yourself from the potentially high cost of medical expenses in case of sickness or an accident.
There is another option which is the medigap coverage also referred to as the medicare supplement plans. However, while both the Medigap and Medicare advantage help in covering for the expenses which are not covered by the Original Medicare cover, there are several differences between the two plans.
What To Remember
- Both the Medicare advantage plan and Medigap protect against bills accrued from health care which the original Medicare doesn’t cover.
- Medicare supplement insurance also referred to as Medigap coverage, in addition to what you pay for the Medicare part A, B and D, will have to pay for an extra premium
- With a medicare part C plan or what is referred to as a Medicare Advantage Health plan, you have to enroll through a private company which is already covering part A, B and D.
- When you are out signing up for an Advantage plan, you will have to pay for the part B premiums together with the Medicare advantage premiums.
Medigap
Medigap or Medicare supplement insurance normally protects those who have the original Medicare cover against additional costs for their medical needs. To enjoy these benefits, you have to pay an extra premium on top of what you are paying towards the original Medicare.
It offers various options to pick from which are all standardized with the cost varying thus, worth shopping around before you settle for a provider and the type of option.
Medicare Advantage
A Medicare advantage which is normally referred to as Medicare part C provides more help in lowering costs which are within the original Medicare and Medigap. Instead of having to pay separately for parts A, B and D, you can enroll through private insurance which will cover everything that is provided in the aforementioned parts plus other additional services. You pay for the additional Medicare Advantage premium together with the Part B premiums thereby lowering the costs.
