How Popular Are Medicare Supplements?
Medicare Advantage plans attract a lot of Medicare beneficiaries. This is because they may have very modest premiums and include other benefits. Many Medicare Advantage policies come bundled with drug, vision, and dental benefits, for example. However, most Advantage options are HMOs and PPOs that rely upon health provider networks.
Supplement owners have to pay a monthly premium. They must also purchase another Part D policy for drug benefits. Still, many supplements provide policy owners with first-dollar coverage. Also, they don’t rely upon networks, so policy owners can get covered anywhere in the USA that accepts Medicare. Some supplements, like Plan F, even cover beneficiaries when they have an emergency overseas.
There isn’t one best Medicare health insurance choice for everybody. However, a Medicare supplement might be a good choice for those who prefer flexibility and very robust coverage.