What is a Medicare Advantage Plan?

A Medicare Advantage Plan is a type of Medicare health plan offered by a private health insurance company that contracts with Medicare to provide Medicare eligible individuals with Medicare Part A (hospital) and Part B (doctor/out-patient) benefits. Medicare Advantage Plans include Health Maintenance Organizations (HMOs), Preferred Provider Organizations (PPOs), Private Fee-for-Service Plans, Special Needs Plans, and Medicare Medical Savings Account Plans. If you’re enrolled in a Medicare Advantage Plan, Medicare services are covered through the plan and aren’t paid for under Medicare. Most Medicare Advantage Plans offer prescription drug coverage as well.  Medicare Advantage Plans are often referred to as “Part C” Medicare plans.