Understanding healthcare costs: Medicare Advantage

Medicare Advantage is an insurance program that invites private payors, including health plans and insurance companies, to offer alternatives to traditional Medicare. By providing access to the private insurance market, Medicare Advantage gives beneficiaries the option to choose from a wide range of competing plans, many of which offer richer benefits than Medicare. This video explains how Medicare Advantage works.

For more on healthcare costs, view the earlier videos in this series, about Medicaid and employer-sponsored insurance.

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