Which types of health plans are available under the Medicare Advantage program?

The Medicare Advantage program, also known as Medicare Part C, offers a variety of health plan types designed to provide beneficiaries with options tailored to their needs. The correct answer encompasses the full range of plan types available under this program, which includes Health Maintenance Organizations (HMOs), Preferred Provider Organizations (PPOs), Private Fee-for-Service (PFFS) plans, and Medical Savings Accounts (MSAs).

HMOs typically require members to select a primary care physician and get referrals to see specialists, establishing a managed care approach. PPOs, on the other hand, offer more flexibility in choosing healthcare providers and do not always require referrals, making them more appealing for beneficiaries who value wider access. PFFS plans allow beneficiaries to go to any Medicare-approved provider that accepts the plan, providing great flexibility, while MSAs combine a high-deductible health plan with a medical savings account for beneficiaries to pay for healthcare costs.

The other options listed do not accurately represent the types of plans available under Medicare Advantage. For instance, Exclusive Provider Organizations (EPOs) can be part of Medicare Advantage, but Medigap plans are actually separate supplemental insurance options that work alongside Original Medicare. Furthermore, Medicare Savings Accounts and Original Medicare are distinct from the Medicare Advantage