Medicare Supplement Insurance vs Medicare Advantage Programs
There is no “one size fits all” when it comes to insurance. Your coverage should solely be based off your personal needs. Therefore some Seniors may want a Medicare Advantage (MA) plan, while others may want to get a Medicare Supplement insurance policy. We’ve found three critical components Seniors should consider when they’re shopping for coverage.
- Cost of Medicare Supplement vs Medicare Advantage
Be sure to look at the total cost of coverage. While some Medicare Advantage plans may have low premiums, certain Medicare Supplement insurance plans may have lower out-of-pocket expenses. Low premiums may lead to higher out-of-pocket expenses, which is the money Seniors are responsible for paying before their insurance will cover the full amount.
- Provider choice with Medicare Supplement vs Medicare Advantage
Medicare Advantage plans typically limit Seniors to the doctors and facilities within the HMO or PPO restricted network and may not cover out-of-network expenses. Medicare Supplement insurance policies cover any doctors or facilities that accept Medicare.
- Geographical coverage with Medicare Supplement vs Medicare Advantage
Medicare Advantage plans often only operate in certain regions. Therefore, Seniors who travel frequently may be better off with a Medicare Supplement insurance policy due to its widespread availability. No matter where you live or travel in the United States, our coverage is accepted by any physician who accepts Medicare.
Cost, provider, and lifestyle all plan a part in deciding which insurance coverage would be best for you. When making a decision on coverage, be sure to factor in these points. If you need assistance, let one of our knowledgeable Agents help with your insurance needs.
Your style is your choice. Shouldn't your doctor and your coverage be, too?
Coverage of your choice with doctors of your choice are included with plans that don't restrict you to networks of specialists.
The purpose of this communication is the solicitation of insurance. United American Insurance Company is not connected with, endorsed by, or sponsored by the U.S. government, federal Medicare program, Social Security Administration, or the Department of Health and Human Services. Policies and benefits may vary by state and have some limitations and exclusions. Individual Medicare Supplement insurance policy forms MSA10, MSB10, MSC10, MSD10, MSF10, MSHDF10, MSG10, MSHDG, MSK06R, MSL06R, MSN10 and in WI, MC4810 and MC4810HD, MC4810HDG are available from our Company where state-approved. Some states require these plans be available to persons under age 65 eligible for Medicare due to disability or End Stage Renal disease (ESRD). You may be contacted by an agent or producer representing United American Insurance Company, PO Box 8080, McKinney, TX 75070-8080. OUTLINE OF COVERAGE PROVIDED UPON REQUEST.
For Ohio, you may verify the agent/broker and United American Insurance Company by contacting: The Ohio Department of Insurance 50 W. Town Street, Third Floor - Suite 300, Columbus, OH 43215. Consumer Hotline: 1-800-686-1526 or TDD Number: (614) 644-3745. For costs and complete details of coverage call or write your insurance agent or the company (whichever is applicable).