What is a Medicare Advantage plan?

A Medicare Advantage plan is defined as a private health plan that provides Medicare benefits. These plans, also known as Medicare Part C, are offered by private insurance companies that contract with Medicare to deliver healthcare services covering both hospital and medical services. By enrolling in a Medicare Advantage plan, beneficiaries receive all their Medicare Part A (hospital insurance) and Part B (medical insurance) benefits through the plan, often along with additional benefits such as dental, vision, and hearing services that Original Medicare does not cover.

This comprehensive coverage is essential for many individuals as it can potentially lower out-of-pocket costs and offer coordinated care. Additionally, many Medicare Advantage plans include prescription drug coverage (Part D) as part of their offerings, making them a versatile choice for beneficiaries seeking expansive healthcare coverage.