By Kate Ashford CSA, NerdWallet, May 23, 2022
Original Medicare lets you see any provider that accepts Medicare, but Medicare Advantage may be a better option if you can’t afford a Medicare Supplement Insurance plan.
When it’s time to sign up for Medicare, one of the first and most substantial decisions you face is whether to choose Original Medicare or Medicare Advantage. In 2022, 45% of Medicare beneficiaries will have a Medicare Advantage plan, according to data from The Chartis Group. The decision will depend on several factors, including where you live, your current and potential healthcare needs, and your financial situation.
Both options provide coverage for your major medical needs. But your out-of-pocket costs and choices for doctors and hospitals will depend on the program you choose.
Original Medicare vs. Medicare Advantage: Overview
To better understand how to approach this choice, here’s some information on how these different programs work.