3 Things to Know About Medicare Advantage Plans – Medicare Elyria, OH
Medicare Elyria, OH
1) Medicare Advantage Plans
Medicare Advantage Plans, sometimes called “Part C” or “MA Plans,” are offered by Medicare-approved private companies that must follow rules set by Medicare. These plans are another way to get your Medicare Part A and Part B coverage.
2) Prescriptions Coverage
Most Medicare Advantage Plans include drug coverage (Part D). In most cases, you’ll need to use health care providers who participate in the plan’s network. These plans set a limit on what you’ll have to pay out-of-pocket each year for covered services.
3) Plan Types
Below are the most common types of Medicare Advantage Plans.
- Health Maintenance Organization (HMO) Plans
- Preferred Provider Organization (PPO) Plans
- Private Fee-for-Service (PFFS) Plans
- Special Needs Plans (SNPs)
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