Medicare Advantage plans are medical insurance plans offered by private companies, approved by Medicare, that offer the same benefits as Original Medicare and may provide additional benefits like vision, dental coverage, hearing benefits, health and wellness programs (Silver Sneakers), and some prescription drug coverage.
There are different types of Medicare Advantage plans to choose from. Medicare Advantage Plans include Health Maintenance Organizations (HMO), Preferred Provider Organizations (PPO), Private Fee-for-Service Plans (PFFS), Special Needs Plans (SNP), and Medicare Medical Savings Account Plans (MSA).