Plans

Understanding Medicare Advantage (Part C)

Updated 2026-06-01 · 10 min read

What makes a Medicare Advantage plan different

Instead of Medicare paying providers directly, you receive your care through a private plan. The plan sets the network, the drug formulary, and the copays. In return, you get an annual out-of-pocket maximum and usually extra benefits.

HMO vs PPO — the trade-off

HMOs generally require you to stay in-network and get referrals but have lower premiums. PPOs let you see out-of-network providers at a higher cost, with no referral requirement.

Written by Medicare Caddies Editorial
Reviewed by a licensed insurance agent
Last reviewed2026-06-01
Educational contentIndependent insurance agency

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