Medicare Advantage Plans Offer Bundled Coverage and Additional Benefits for 2027
Medicare Advantage, also known as Medicare Part C, provides an alternative to Original Medicare by bundling hospital, medical, and often prescription drug coverage into a single plan offered by private insurers. These plans are required to cover all services included in Original Medicare (Parts A and B) and frequently add extra benefits such as dental cleanings, vision exams, and hearing aids. Unlike Original Medicare, Medicare Advantage plans include an annual out-of-pocket maximum, capping the amount beneficiaries pay for covered medical care each year. While beneficiaries continue to pay their standard Part B premium, some Advantage plans may offer a partial rebate. Plans vary by insurer and ZIP code regarding benefits, costs, and provider networks. Most plans operate with specific networks of doctors and hospitals, and some may require referrals for specialists or prior authorization for certain services. The Centers for Medicare & Medicaid Services (CMS) sets federal limits for these plans, including ...