The cost of Medicare Advantage Plans (Part C), also known as Medicare Advantage (MA), depends on the type of insurance plan participants choose. The most common choices are preferred provider organizations (PPOs) or health maintenance organizations (HMOs). Part C is required to provide both Medicare Hospital Insurance (Part A) and Medicare Medical Insurance (Part B). These parts are offered by private insurance companies approved by Medicare. Many Part C plans may provide additional coverage as well, including vision, dental, hearing or health/wellness programs. Most also include prescription drug coverage.
Costs vary widely.
Part C is subsidized by the federal government. In addition to the monthly premium participants pay for the plans, Medicare pays a fixed amount each month for Part C participants??? plans.
How Are Medicare Premiums Calculated?
What Are Medicare Advantage Plans (Part C)?
How Are Medicare Advantage Plans (Part C) Funded by Medicare?
How Are Payments to Medicare Advantage Plans (Part C) Calculated?