A Medicare supplement insurance plan (Medigap policy) is not a Medicare Advantage plan. Medicare supplement plans are health insurance policies and are secondary to Original Medicare. Medicare Advantage plans combine Original Medicare Parts A and B, and sometimes Part D, into a single plan.
Medicare Advantage has you covered. Medicare Advantage plans must cover all the services that Original Medicare covers, and may offer additional benefits. Hospice care is still covered under Original Medicare. You may also receive more benefits if you have TRICARE for Life or VA coverage.
You have a built-in financial safety net. Your plan’s annual out-of-pocket maximum is your safety net that ensures you’ll never pay more than a certain amount out of pocket in a given plan year for covered medical services.