Medicare Part C is often referred to as Medicare Advantage or Medicare Advantage (MA) Plans. It’s essentially an all-in-one private insurance alternative to Original Medicare. These MA plans are private insurance plans that were approved through Medicare.
To join a Medicare Advantage Plan, you must have Part A and Part B as well. Bundled together, Parts A, B, and C can cover all Medicare’s services, as well as additional coverage offerings like hearing and dental plans.
Companies that follow the rules set forth by Medicare are paid a fixed amount for your medical care each month. These plans have some out-of-pocket costs as well as different regulations, which can change each year, for you to follow in terms of medical services.
Each plan will have different payment plans that you should choose to best suit your needs and economic means. Check out Medicare’s plan comparison tool for more information on the private programs offered through Medicare.