People using Medicare receive their cover either through Medicare Advantage or Original Medicare. There has been a bit of confusion on which between the two represents the best option for users. People have tried to offer a rating system, but in most cases the two systems are portrayed as one and the same.
Remember Medicare Advantage was established as an alternative to Original Medicare and most of the plans contained in the latter are available through Medicare Advantage, but with different regulations. Here is a comparison that should help you understand each well.
Original Medicare explained
This is the traditional program that was and is still managed through the federal government. The program offers both Part A and B plans and you can choose to work with both. The payments submitted by users are deductible and there is provision for coinsurance, usually 20 percent of the approved outpatient cost.
To join the program, you are required to pay premiums on a monthly basis for part B. Part A in this case does not require any premium submissions if you can prove you have been working in the U.S. for at least 10 years. Original Medicare allows you to visit any hospital within the U.S. that accepts Medicare and no referrals are not required to see a specialist, nor will you need prior authorization.
Medicare Advantage plans
Unlike Original Medicare plans, Medicare Advantage plans are provided through private insurance companies. The plans cover Parts A and B and the system is similar to the one available for Original Medicare. One can also request for extra benefits cover such as vision and dental care. Medicare Advantage is considered a private plan that may come with different restrictions depending on the provider.
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