Created under the Balanced Budget Act of 1997, it includes the Medicare Advantage program (formerly called Medicare+Choice), through which beneficiaries can enroll in additional types of health plans, including managed care plans.
optional purchased coverage in addition to Medicare Part A and B. Examples include Medicare + Choice and Medicare Risk Plus. Includes managed care plans.
a.k.a. 'Medicare Advantage' or formerly, 'Medicare + Choice.' Portion of Medicare that expands the list of different types of entities allowed to offer health plans to Medicare beneficiaries.
The part of Medicare that expands the list of different types of entities allowed to offer health plans to Medicare beneficiaries. Also known as Medicare+Choice. See also Medicare.