Medicare Advantage (Part C)
What is Medicare Advantage?
Medicare Part C, commonly called Medicare Advantage, is a comprehensive alternative to Original Medicare offered by private insurance companies. In 2019, one-third of those covered by Medicare were Medicare Advantage members, and that figure is predicted to grow to roughly 47 percent by 2029.
What Do Medicare Advantage Plans Cover?
As an alternative to Original Medicare, Medicare Advantage plans must cover all Part A and B services. This means the plan aids in paying for hospital stays and most medical services (excluding hospice care). What sets Medicare Advantage apart is the additional benefits, which can include dental and vision services, as well as memberships in wellness and health management programs. Many Medicare Advantage plans also include qualified prescription drug coverage, so you don’t need to purchase a stand-alone Part D drug plan. These plans are marketed as Medicare Advantage Prescription Drug (MAPD) plans.