Question | Medigap Plan | Medicare Advantage Plan |
---|---|---|
Am I able to go to any doctor or hospital for treatment—even if I am travelling outside my area? | YES | NO Plans are limited to specific networks and geographic areas. |
Can I go to a provider without having to worry about having to pay a lot of out-of-pocket costs? | YES | NO Plans require copays and deductibles. |
Are my doctor and I allowed to make decisions about what procedures and tests are in my best interest? | YES | NO Plan decides what procedures and tests are approved for you. |
Can I always keep my plan if I like it? | YES | NO Plans are approved yearly and can be dropped. |
If I require special treatments at the MAYO Clinic, will it be covered? | YES | NO* * The MAYO Clinic does not accept most Medicare Advantage Plans (MAPs). |
- Medigap (Medicare Supplement Insurance) policies have higher monthly premiums, and typically little-to-no out-of-pocket costs for the patient at time of service.
- Medicare Advantage Plans (MAPs) have cheaper monthly premiums, but deductibles and copays at time of service can add up to $3400 to $6700 in out-of-pocket costs per year.
- Most seniors can save more money overall by choosing a Medicare Part D (Drug) plan that better suits their needs than by switching to a Medicare Advantage Plan (MAP).