Everything You Need to Know About Medicare Advantage Plans
What is a Medicare Advantage Plan? How do Medicare Advantage Plans work? What are the benefits of a Medicare Advantage Plan? What are the drawbacks of a Medicare Advantage Plan? Should I get a Medicare Advantage Plan? A Medicare Advantage Plan, sometimes called "Part C" or "MA Plans," is a type of Medicare health plan offered by a private company that contracts with Medicare to provide you with all your Part A and Part B benefits. MA Plans include Health Maintenance Organizations, Preferred Provider Organizations, Private Fee-for-Service Plans, Special Needs Plans, and PPOs. If you're enrolled in a Medicare Advantage Plan, you still have Medicare. You'll get your Part A (hospital insurance) and Part B (medical insurance) coverage from the Medicare Advantage Plan and not Original Medicare. Some plans will also offer prescription drug coverage. How do Medicare Advantage Plans work? Most plans require you to use doctors, other health care providers, and hospitals in the plan's network. You may have to pay more for services you get outside the network.