Medicare Advantage Plan Law and Legal Definition

Medicare advantage plan refers to a plan under which a private company offers medicare part A and B benefits in one plan. Generally, medicare has four parts such as part A plan which refers to the health insurance plan, part B plan which refers to the medical insurance plan, medicare part C which refers to the health and medical plan, and medicare part D which is the prescription drug plan.

Medicare advantage plans are HMO’s, PPOs, or private fee-for-service plans. Medicare services in a medicare advantage plan are covered through the plans and are not paid for under original medicare. It is a benefit given to the medicare beneficiaries to receive their medicare benefits through private health insurance plans, instead of original medicare plan. Medicare advantage plans are also known as medicare part C, medicare+choice plans.