What is a Medicare Advantage Plan?
A Medicare Advantage Plan is a type of Medicare health plan offered by a private company that contracts with Medicare to provide you with all of your Part A and Part B benefits. If you’re enrolled in a Medicare Advantage Plan, most Medicare services are covered through the plan and aren’t paid for under Original Medicare. Most Medicare Advantage Plans offer prescription drug coverage. Medicare Advantage Plans also may offer extra coverage, like vision, hearing, dental, and/or health and wellness programs.
What is a Prescription Drug Plan?
Medicare Part D (Medicare Prescription Drug Coverage) helps cover the cost of prescription drugs and may help lower your drug costs. Medicare offers prescription drug coverage to everyone with Medicare. To get Medicare drug coverage, you must join a plan run by an insurance company or other private company approved by Medicare. Each plan can vary in cost and drugs covered.