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Welcome to Ask Adam! We realize you may have questions regarding your Medicare needs and how to navigate through the system, so we have opened our page up to allow you to ask our product guru, Adam Stockett, any questions you may have. In fact, we already have our first question!

What is the difference between Medicare Supplement and a Medicare Advantage plan?

The differences between a Medicare Advantage and a Medicare Supplement are immense.  Without getting into the finer details the differences are as follows:

Medicare Advantage

On a month to month basis a Medicare Advantage policy will cost you less in monthly premium and in some cases $0.  However, you will pay more and have fewer options when you get sick and actually need the coverage.

Medicare Supplement

With a Medicare Supplement you will pay more per month in premium but when you get sick and need coverage you will pay very little and with Plan F you’ll pay nothing.  Also, with a Medicare Supplement you will have access to the full Medicare network which works anywhere in the US.

As an example, if you are paying $150 per month for a Plan F your max out of pocket is $1800 ($150 x 12 months) however with a $0 premium Medicare Advantage your max of pocket can be over $6000 per year after deductibles, co-pays and daily hospital costs depending upon the plan you choose.