Which of the following statements regarding MA Plans is correct?

The statement that Medicare Advantage (MA) Plans combine coverage from both Medicare and private insurers is accurate. MA Plans are a type of Medicare plan offered by private insurance companies that contract with Medicare to provide all Part A (Hospital Insurance) and Part B (Medical Insurance) benefits. This means that while Medicare provides the foundational framework of coverage, these plans often enhance benefits and may include additional services not found in traditional Medicare. For example, many MA Plans include prescription drug coverage, vision, dental care, and wellness programs, which can provide a more comprehensive approach to health care.

The other statements do not accurately reflect the nature of MA Plans. For instance, while they may offer lower costs, the assertion that they feature less coverage does not align with the reality that many plans offer enhanced benefits. Additionally, MA Plans are not exclusive to individuals over 65; they are available to those who qualify for Medicare based on other criteria, such as disability. Lastly, while there are network restrictions based on geographic areas where specific plans operate, this is not the primary characteristic of MA Plans themselves. Hence, the main distinguishing feature is their combination of Medicare and additional private insurance coverage.