Medicare Part C plans, or Medicare Advantage plans, do not receive a fixed amount from Medicare, and patients enrolled still need Part A and Part B coverage.
Medicare Part C plans, also known as Medicare Advantage plans, are offered by private insurance companies approved by Medicare. One true statement is that these plans do not receive a fixed amount of money from Medicare to spend on their members. Instead, they receive a set amount each month per member from Medicare, and additional funds based on the services provided.
Another correct statement is that patients still need coverage under Part A and Part B when enrolled in a Medicare Part C plan. These plans typically include all benefits covered under Part A and Part B, and may offer additional services such as vision or dental care.
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