Once you turn 65, you're eligible to sign up for health coverage under Medicare. And at that point, you can choose to stick with original Medicare (Parts A, B, and D) or Medicare Advantage.

Medicare Advantage is often hailed as a more cost-effective alternative to original Medicare. And one thing enrollees tend to like about it is that Medicare Advantage plans limit your out-of-pocket spending on an annual basis, whereas with original Medicare, you don't get that same guarantee. Rather, it's generally advisable to put a Medigap policy in place if you have original Medicare to potentially avoid catastrophic costs.

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Source Fool.com