Medicare Part C, or Medicare Advantage is designed to roll the coverage of Parts A and B into one plan, offered by a private health insurance company that contracts with Medicare.. By law, Advantage plans must offer at least the same coverage as Original Medicare. Other rules may differ, or the network might offer additional benefits. Many Advantage plans also include Part D, or prescription drug coverage.
Common types of Part C plans include:
Health Maintenance Organization (HMO) plans
Preferred Provider Organization (PPO) plans
Private Fee-for-Service (PFFS) plans
Special Needs Plans (SNPs)
HMO Point of Service Plans (HMOPOS)
Medicare Medical Savings Account (MMSA)
If you opt for a Part C plan, you will have the opportunity to compare plans, benefits, and rates each year during an Annual Election Period.