Medicare Advantage is the managed care option in Medicare and is a public-private partnership, meaning benefits are offered by private health plans and approved by the federal government. Unlike Fee-for-Service Medicare, Medicare Advantage typically covers hospital visits, doctors and outpatient visits, and prescription drug premiums in a single plan option. Specifically, individuals with certain chronic conditions enrolled in Medicare Advantage experience better health outcomes at similar or lower costs compared to those enrolled in Fee-for-Service Medicare.
