When compared, the main differences between these two types is:
TYPE 1
vs.
TYPE 2
Monthly premiums
vs.
Normally less than type 1
Little or no cost for medical care
vs.
Copayments for medical care
Choose any Medicare provider in the USA
vs.
Network providers
Choose any RX plan
vs.
RX plan included with health plan
Portability
vs.
Must reside in the plan service area
Dental seperate
vs.
Dental option on some plans
Government funding on RX only
vs.
Rely on government funding
Cost more for extra benefits
vs.
Extra benefits like gym membership
Change Medsup plans anytime
(Medical history may be required)
vs.
Change plans once per year
(Enrollment denied for kidney failure)
MEDICARE SUPPLEMENTS:
Aetna, Anthem Blue Cross and Blue Shield, Humana, Medico, Mutual of Omaha, Transamerica and United Healthcare (AARP).
MEDICARE ADVANTAGE PLANS:
Prominence (Saint Mary’s), Senior Care Plus (Referrals), United Healthcare Medicare Complete – AARP.
LIFE INSURANCE:
Final Expense Plans, Wealth Transfer Plans, Life Insurance with Long Term Care Benefits.