Get Instant Access . In this video I discuss 5 significant differences between Medicare and Medicare Advantage. Understanding these differences can help you if you are thinking of enrolling in a Medicare Advantage Plan.
The 5 areas can be broken down into:
How the plan is administered
How much you pay for covered services
How you use your plan and receive services
How enrollment periods affect your experience
Whether you are covered by original Medicare or enrolled in a Medicare Advantage Plan, you are still in the Medicare program. Joining an Advantage Plan does not cancel your Medicare.
Even though there are differences between Medicare and Medicare Advantage, you will receive all your Part A and Part B benefits when enrolled in an Advantage Plan.
The other Medicare Plan option not discussed in this video is Medicare supplemental insurance, also known as Medigap.
If you are interested in learning more about Medicare supplement insurance watch:
Medicare Supplements — 5 Things to Know Before You Buy.
If you would like to compare Medicare Supplement insurance vs Medicare Advantage, get my 8 Part Video Mini-Course. Unlock the information you need to choose the best plan for your circumstances.
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How do I go about canceling part B if I have FEHBP(credible insurance) ?
+Roger DeYoung I would check with the plan administrator before you attempt
to cancel your Part B. Insurance plans, Federal Employee Health Benefits
Plans included, generally act as a second payer to Medicare. If I’m missing
something (I don’t think I am0 your plan administrator should be able to
guide you.