What is Medicare Advantage?
Medicare Advantage Plans (known as MA or Medicare Part C plans)
A type of Medicare plan offered by a private company that has a contract with Medicare to provide you with all of your Medicare Part A (hospital) and Part B (health) benefits. Your services are covered through the plan and are not paid for under Original Medicare. Most plans offer extra benefits and lower co-payments than Original Medicare. Many plans include prescription drug coverage and are sometimes referred to as MA-PD plans. To join a plan, you must be entitled to Medicare Part A and Part B. You must also live in the service area serviced by the plan. Some plans also require a monthly premium. The most common types of MA and MA-PD plans are HMO (Medicare Health Maintenance Organization), PPO (Medicare Preferred Provider Network) and PFFS (Private Fee For Service).
For more information about Medicare Advantage plans, go to our website at IBD Insurance.
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