You might be familiar with Original Medicare, but you should also learn what you can about Medicare Advantage plans and Medigap plans. Both offer alternatives to Original Medicare that help you save money, enjoy more coverage, and gain peace of mind.
Medicare Advantage, also called MA or Medicare Part C, come from private insurance companies that Medicare has approved. When you have an MA plan, Medicare pays the private insurance company, and the insurer pays the providers you use.
Read on to learn how Medicare Advantage plans work so you’re more informed about your options.
- Includes all benefits and services covered under Part A and Part B
- Run by Medicare-approved private insurance companies
- Usually includes Medicare prescription drug coverage (Part D) as part of the plan
- May include extra benefits and services for an extra cost