What is the purpose of Medicare Part C?

Medicare Part C, also known as Medicare Advantage, is designed to provide beneficiaries with an alternative to traditional Medicare (Parts A and B). This part of Medicare allows individuals to receive their healthcare coverage through private insurance companies that are approved by Medicare. These plans often bundle benefits that might include hospital insurance, medical insurance, and may also incorporate additional services such as vision, dental, and wellness programs.

The purpose of offering this alternative is to increase the flexibility and choices for Medicare beneficiaries, allowing them to select plans that may better meet their individual healthcare needs and preferences. These plans often come with different cost structures, including premiums and out-of-pocket costs that can vary widely compared to traditional Medicare.

This choice enhances the overall accessibility and personalization of care for beneficiaries, which is a significant component of Medicare Part C's goal. The other options do not accurately reflect the intent and scope of Medicare Part C, as it does not focus only on long-term care services, does not replace Medicare, and does not aim to universally reduce premiums for all beneficiaries.