Medicare Advantage plans typically have little, to no premium. In most cases, clients of a Medicare Advantage plan are limited to a “network” of doctors and hospitals they must attend for their plan to work accordingly and minimize out-of-pocket expenses. If a client of a Medicare Advantage plan travels outside the network, there is coverage for urgently needed and emergency care.
A Medicare Supplement Plan does NOT replace original Medicare and is designed to pay for cost (or fill “gaps”) not covered by traditional Medicare. Medicare Supplement Insurance Plans typically have a monthly premium that can vary depending on age, gender, location and health to name a few. Medicare Supplement clients are NOT restricted to a network of doctors and in most cases will experience very little to zero out-of-pocket expenses after the monthly premium has been paid, depending on the plan.