Medicare vs. Medicare Advantage: What’s the Difference and Which Is Right for You? 

Selecting the right health coverage is an important decision throughout your life and may be especially consequential as you approach retirement age. Understanding how Original Medicare and Medicare Advantage plans work can help you make confident and informed choices regarding your coverage. The knowledgeable and experienced team at 314 Insurance Advisors is standing by to help.

How Original Medicare Works

Original Medicare is the federal health insurance program that focuses on covering hospital stays (Part A) and outpatient medical services (Part B). You can see any doctor or specialist who accepts Medicare, which gives you broad access to care. Many people pair Original Medicare with a standalone prescription drug plan (Part D) and a Medigap supplemental policy to help manage out-of-pocket costs, such as deductibles and copays.

How Medicare Advantage Is Different

Medicare Advantage (Part C) is offered through private insurance companies approved by Medicare. These plans can bundle hospital, medical and often prescription drug coverage into one policy. Many plans also include additional benefits, such as coverage for dental, vision and hearing care that are typically not covered by Original Medicare plans.

How to Make Your Choice

You should carefully analyze your current health, coverage needs, preferred doctors and budget when deciding between Original Medicare and a Medicare Advantage plan. For example, Original Medicare generally allows for more flexibility when choosing providers, whereas Medicare Advantage plans typically establish provider networks that may limit your choices.

Get Guidance You Can Trust

Medicare decisions affect your health and your finances, so working with someone who knows the options is worth your time. Contact 314 Insurance Advisors to review your coverage options and find a plan that fits your needs.

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.