Medicare Advantage Plans
A Medicare Advantage Plan 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. Medicare Advantage Plans include Health Maintenance Organizations, Preferred Provider Organizations, 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 Original Medicare. Most Medicare Advantage Plans offer prescription drug coverage.
Different Types of Medicare Advantage Plans
- Health Maintenance Organization (HMO) Plans
- Preferred Provider Organization (PPO) Plans
- Private Fee-for-Service (PFFS) Plans
- Special Needs (SNPs) Plans
There are other less common types of Medicare Advantage Plans that may be available such as HMO Point of Service and Medical Savings Account (MSA) Plans.
Who can join a Medicare Advantage Plan?
You can generally join a Medicare HMO, PPO, PFFS, or MSA if you meet all the following conditions:
- You live in the service area of the plan you want to join. The plan can give you more information about its service area. If you live in another state for part of the year, check to see if the plan will cover you there.
- You have Medicare Part A and Part B.
- You don't have End-Stage Renal Diseases (ESRD).
For more information on Medicare Advantage Plans, Call us today!