Medicare Advantage / Private Plans
Medicare provides health benefits to 45 million elderly and disabled Americans. Currently, most beneficiaries (78%) have their health bills paid directly by the traditional fee-for-service program. The remaining 22% are covered by Medicare Advantage (formerly called Medicare+Choice (M+C)). Medicare Advantage, also known as Medicare Part C, is a program that allows beneficiaries to enroll in private health plans to receive Medicare-covered benefits. Beneficiaries have the option of enrolling in a variety of private plans including health maintenance organizations (HMOs), preferred provider organizations (PPOs), provider-sponsored organizations (PSOs), private fee-for-service (PFFS) plans, and medical savings accounts (MSAs) coupled with high deductible insurance plans. In recent years, the number of Medicare Advantage plans and beneficiaries enrolled in these plans has increased rapidly.