If you have a Medicare Advantage plan, you're still enrolled in the Medicare program; in fact, you must sign up for Medicare Part A and Part B to be eligible for a Medicare Advantage plan. The Medicare Advantage plan administers your benefits to you. Depending on the plan, Medicare Advantage can offer additional benefits beyond your Part A and Part B benefits, such as routine dental, vision, and hearing services, and even prescription drug coverage.
There are many different types of Medicare Advantage plans, described below:
|Health Maintenance Organizations (HMOs)||require you to use health-care providers in a designated plan network and may require referrals from a primary care physician in order to see a specialist.|
|Preferred Provider Organizations (PPOs)||recommend the use of "preferred" health-care providers in an established network, and these plans are likely to cover more of your medical costs if you stay inside that network. You don't need a referral to see a specialist.|
|Private Fee-for-Service (PFFS)||plans determine how much they will pay health-care providers, and how much the beneficiary is responsible to cover out-of-pocket.|
|Medical Savings Account (MSA)||plans deposit money into a "health-care checking account" that you use to pay for health-care costs before the deductible is met.|
|Special Needs Plans (SNP)||are tailored health insurance plans designed for beneficiaries with certain health conditions.|