Medicare Supplement vs. Advantage Plans

Item	Medicare Supplement	Medicare Advantage
Written Scope of Appointment Signed by Prospect	No	Yes!
Required Networks for Hospitals & Physicians	No	Yes!
Carrier Mandated Annual Plan Changes or Discontinuance in Providing Coverage	No	Yes!
Annual Certification for Writing Agents	No	Yes!
CMS & Carrier Mandated Product & Market Training	No	Yes!
Vested Commissions Payout	Yes!	No

What is a Medicare Supplement?

A Medicare Supplement policy is a private health insurance plan which helps supplement Original Medicare. This means it helps pay some of the health care costs Original Medicare doesn’t cover. Insurance companies in most states can only sell a “standardized” policy identified by letters A through N. Each standardized policy must offer the same basic benefits; no matter which insurance company sells it.

What is a Medicare Advantage Plan?

A type of Medicare health plan offered by a private company that contracts with Medicare to provide all Medicare Part A and B benefits. If enrolled in a Medicare Advantage Plan, Medicare services are covered through the plan and aren’t paid for under Original Medicare.

Medicare Prescription Drug Plan (Part D)

Part D adds prescription drug coverage to Original Medicare. These plans are offered by insurance companies and other private companies approved by Medicare. However, a Medicare drug plan might only cover certain prescription drugs (on its “formulary” or “drug” list”). It is important to check whether current prescription drugs are on the Medicare drug plan’s list of covered prescription drugs before joining.

Medicare Required Statement:

We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options.

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