Everything You Need To Know About Medicare Advantage Plans

Medical insurance is a type of coverage that helps pay for medical expenses. It's usually provided by an employer or government program, but you can also purchase it independently. Below, you will learn about the types of medical insurance plans and the details of Medicare Advantage Plans.

Types of Medical Insurance Plans

Medical insurance plans can be divided into two broad categories: traditional indemnity plans (sometimes called fee-for-service) and managed care plans. Traditional indemnity plans are sometimes called "open-access" because they allow you to go to any doctor or hospital that accepts your plan, as long as they're in network with the insurer. Managed care plans limit access to certain providers who agree to abide by certain rules in exchange for lower fees or other incentives from insurers; these providers are known as preferred providers or networks.

What Are Medicare Advantage Plans?

Medicare Advantage plans are a type of health insurance that covers the costs associated with Medicare Part A, B, and D. These plans are offered by private companies and can include prescription drug coverage as well.

There are two types of Medicare Advantage plans: HMOs (health maintenance organizations) and PPOs (preferred provider organizations). With an HMO plan, you'll choose your primary care doctor from a list provided by your insurer. You must go to this doctor for all of your medical needs unless there's an emergency situation or another valid reason for seeking care elsewhere--and even then, it may be difficult to get authorization from the insurer if they don't approve of where you're going! With a PPO plan, however, there isn't such strict oversight over where you get treated; instead, it's up to you whether or not someone else is qualified enough for them to cover their services under their policy terms.

Pros and Cons of Medicare Advantage Plans


  • Costs: Medicare Advantage Plans are less expensive than traditional Medicare because they provide all your medical services in one place, rather than requiring you to go through various providers for different services.
  • Coverage: In addition to providing basic coverage, some Medicare Advantage Plans include additional benefits such as dental and vision care or prescription drug coverage that can help lower out-of-pocket costs even further.


  • Coverage restrictions may apply depending on the type of plan you choose; these restrictions may include limits on how often you can see a doctor or what procedures are covered by your plan's network of doctors and hospitals (if applicable).


Medicare Advantage plans are a great way to get the coverage you need at an affordable price. If you're looking for a plan that covers all your medical expenses, including prescription drugs and dental care, look into Medigap plans. You may be able to save money by choosing an HMO or PPO over an EPO if your doctor is in-network with the plan's network.

If you need medical insurance, reach out to an insurance provider.