What are Medicare Advantage Plans also known as?

Medicare Advantage Plans are commonly referred to as managed care plans. These plans offer an alternative way to receive Medicare benefits, combining the coverage of Medicare Parts A and B and often including additional benefits like vision, dental, and health wellness programs.

The structure of these plans typically involves a network of healthcare providers and facilities that members must use to get the most cost-effective care, which is a primary feature of managed care systems. The focus is on coordinating care with an emphasis on preventive services and minimizing unnecessary hospitalizations.

While the other options touch on related types of insurance or coverage, they do not accurately represent Medicare Advantage Plans. Part B refers specifically to outpatient services rather than an entire managed care approach. Supplemental insurance plans, like Medigap, provide additional coverage to traditional Medicare but do not include the comprehensive benefits and coordinated care that Medicare Advantage Plans offer. Medicaid plans are distinct programs for individuals with limited income and are separate from Medicare, catering to different eligibility requirements and benefits. Thus, calling Medicare Advantage Plans managed care plans encapsulates their core function and structure within the Medicare system.