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Medicare pays a fixed amount for your care every month to the companies offering Medicare Advantage Plans. These companies must follow rules set by Medicare. However, each Medicare Advantage Plan can charge different out-of-pocket costs and have different rules for how you get services (like whether you need a referral to see a specialist or if you have to go to only doctors, facilities, or suppliers that belong to the plan).  

TYPES OF MEDICARE ADVANTAGE PLANS 

Medicare Advantage Plans can be:  Health Maintenance Organizations (HMO)  Preferred Provider Organizations (PPO)  Private Fee-for-Service Plans (PFFS)  Point of Service (POS) Plans  Provider Sponsored Organizations (PSO)  Medical Savings Account (MSA) Plans  Special Needs Plans (SNP)  Health Maintenance Organizations (HMO) - A type of Medicare Advantage Plan that is available in some areas of the country. 

Plans must cover all Medicare Part A and Part B health care. Some HMOs may cover  extra days in the hospital. In most HMOs, you can only go to doctors, specialists, or hospitals on the plan’s list, except in an emergency. Your costs may be lower than in Original Medicare.  Preferred Provider Organizations (PPO) - A type of Medicare Advantage Plan in which you pay less if you use doctors, hospitals, and providers that belong to the network. You can use doctors, hospitals, and providers outside of the network for an additional cost.  Private Fee-for-Service Plans (PFFS) - A type of Medicare Advantage Plan in which you may go to any Medicare-approved doctor or hospital that accepts the plan’s payment. The insurance plan, rather than the Medicare Program, decides how much it will pay and what you pay for the services you get. You may pay more or less for Medicare-covered benefits. Medical Savings Accounts (MSA) - Medicare MSA Plans have two parts: a high deductible health plan and a bank account. Medicare gives the plan an amount each year for your health care, and the plan deposits a portion of this money into your account. The amount deposited is less than your deductible amount, so you will have to pay out-of-pocket before your coverage begins.  Point of Service (POS) Plans - An HMO option that lets you use doctors and hospitals outside the plan for an additional cost.  Provider Sponsored Organizations (PSO) - Plans run by a provider or group of providers. In a PSO, you usually get your health care from the providers who are part of the plan.  Special Needs Plans (SNP) - A special type of plan that provides more focused health care for specific groups of people, such as those who have both Medicare and Medicaid, who reside in a nursing home, or who have certain chronic medical conditions.