Medicare Supplement Plans differ from Medicare Advantage Plans in several key ways: Key Differences Between Medicare Supplement and Medicare Advantage Chapter 1: Exploring Medicare Supplement Plans • Coverage: Medicare Supplement Plans work alongside Original Medicare, providing additional coverage for out-of-pocket costs such as deductibles, coinsurance, and copayments. In contrast, Medicare Advantage Plans, or Medicare Part C, are comprehensive plans offered by private insurance companies that replace Original Medicare and often include additional benefits. • Provider Network: Medicare Supplement Plans generally do not have provider networks, meaning beneficiaries can visit any doctor or hospital that accepts Medicare. In contrast, Medicare Advantage Plans typically utilize provider networks, and beneficiaries may need to use network providers to receive full coverage for services. • Cost Structure: Medicare Supplement Plans often have higher monthly premiums but lower out-of-pocket costs when beneficiaries receive healthcare services. Medicare Advantage Plans may have lower premiums, but beneficiaries may face copayments, coinsurance, and deductibles for services, which can vary depending on the plan. 202404PMED1SUPP 7 www.Postal-Service-Health-Benefits-Program.com
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