Q & A
What are Medicare Advantage plans?
Answer: Medicare Advantage plans are private health insurance plans that act as primary payer for Medicare. In exchange for a monthly premium paid to a health insurance company, you agree to a series of medical co-pays and you agree to use a network of doctors and hospitals. These plans are HMOs and PPOs, similar to what you may have now with health insurance.
Source: Penn Health Insurance Solutions, Inc., July 7, 2014
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