What does Medicare Advantage Plan mean? Read on to discover the definition & meaning of the term Medicare Advantage Plan - to help you better understand the language used in insurance policies.
Medicare Advantage Plan
an HMO, PPO, or Private Fee-For Service Plan that contracts with Medicare Advantage Prescription Drug Plan also includes drug benefits. The plan may provide extra coverage such as vision, hearing, dental, and/or health and wellness programs. Medicare pays a fixed amount for insured's care every month to the companies offering Medicare Advantage plans.
We hope the you have a better understanding of the meaning of Medicare Advantage Plan.