How does Medicare Advantage work?

Medicare Advantage is a program offered by private insurance companies approved by Medicare to provide Medicare benefits. It allows beneficiaries to get their Medicare Part A and Part B benefits through a private insurer. These plans often include additional coverage beyond Original Medicare, such as prescription drugs, dental, and vision. Medicare Advantage plans typically have a network of doctors and hospitals that participants must use to receive maximum benefits, and participants may need referrals for specialized care. Enrolling in a Medicare Advantage plan means paying a monthly premium in addition to the Medicare Part B premium. The program aims to provide beneficiaries with more options and flexibility in choosing a healthcare plan that best suits their needs while receiving coverage at a predictable cost.