50 things to know about Medicare Advantage

Becker's Healthcare January 9, 2023
Jakob Emerson

Before 2006, Medicare Advantage in its current form didn’t exist. Now, the public-private program is expected to overtake traditional Medicare this year — how did it get here?

Medicare Advantage basics

1. Medicare is a federal insurance program that started in 1965 to primarily provide health coverage to Americans 65 and older.
2. Medicare Advantage is a federally-approved plan from a private insurance company that provides more coverage than traditional Medicare.
3. In 2022, 28.4 million people were enrolled in MA out of 58.6 million Medicare beneficiaries overall – or 48 percent.
4. Medicare is divided into four parts:
   A: Hospital insurance (hospital, skilled nursing, home health and hospice services)
   B: Medical insurance (outpatient services, physician visits, preventive screenings)
   C: Medicare Advantage
   D: Prescription...

Today's Sponsors

Today's Sponsor