What does “Medicare Advantage” refer to?

Medicare Advantage refers to a type of private insurance plan that provides Medicare benefits, which is precisely why this choice is the correct answer. These plans are offered by private insurance companies that are approved by Medicare, and they must cover all the services that Original Medicare (Part A and Part B) covers. Additionally, Medicare Advantage plans often include additional benefits such as vision, dental, and wellness programs not typically covered by Original Medicare.

The distinction between Medicare Advantage and other options is crucial. Government-funded care generally refers to programs like Medicare itself but does not encapsulate the private nature of Medicare Advantage plans. While some programs do focus on low-income individuals, Medicare Advantage is not limited to this group; it is available to all Medicare beneficiaries. Lastly, a supplemental insurance plan, such as Medigap, helps cover costs that Original Medicare does not pay for, rather than providing comprehensive benefits directly as Medicare Advantage does.