Page Reviewed / Updated - August 27, 2020
Unlike Original Medicare Parts A and B, which come in a one-size-fits-all model provided by the government, Medicare Advantage, also known as Medicare Part C, is highly flexible. Each Medicare Advantage Plan is unique, based on the preferred specifications of the insurance provider. These plans can be PPOs, HMOs, PFFSs or even SNPs, providing plenty of variety for those who choose Medicare Advantage over standard Medicare.
For those unsatisfied with the coverage options provided under Original Medicare, Medicare Advantage can be a great alternative. All Medicare Advantage plans must offer, at minimum, the same coverage as Original Medicare, but are permitted to offer additional options in excess of base coverage levels. Medicare Advantage plans come in several different structures, including both HMOs and PPOs.
The four available forms of Medicare Advantage plans are as follows:
There is no right answer regarding plan types for seniors considering Medicare Advantage. Whether seniors choose an HMO, PPO or PFFS plan will depend on everything from personal preference to budget. However, with all of the options available, most seniors will have plenty of opportunity to find the right fit.