Fact Sheet
February 8, 2021

Understanding Medicare Advantage

Medicare beneficiaries have two options for receiving their Medicare benefits – Original Fee-for-Service (FFS) Medicare or Medicare Advantage, which are offered by private health plans and approved by the government. There are 24.8 million Medicare Advantage beneficiaries who amount to more than a third of the entire Medicare population. Below is a brief overview of Medicare Advantage and how it works.

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