Medicare Advantage
Medicare provides health benefits to 41 million elderly and disabled Americans. Most (89%) have their health bills paid directly by the traditional fee-for-service program. The remaining 11% are covered by Medicare Advantage (formerly called Medicare+Choice (M+C)). M+C was established by the Balanced Budget Act of 1997 to give beneficiaries the option of enrolling in a variety of private plans including health maintenance organizations (HMOs), preferred provider organizations (PPOs), provider-sponsored organizations (PSOs), private fee-for-service (PFFS) plans, and medical savings accounts (MSAs) coupled with high deductible insurance plans.