Which two statements correctly define a Medical Advantage (MA) plan?

A Medical Advantage (MA) plan, also known as a Medicare Advantage plan, is designed to cover the benefits and services of Medicare hospital (Part A) and medical (Part B) insurance. MA plans often include additional benefits not covered by traditional Medicare, such as vision and dental care, making their role in providing comprehensive health insurance for Medicare beneficiaries significant.

The statement that MA plans are health plan options approved by Medicare is also correct. These plans must meet specific federal standards and regulations set by Medicare, reflecting the importance of their approval process and ensuring that they deliver value and protection to beneficiaries.

The other statements do not accurately represent MA plans. While they are primarily used by seniors, it's not exclusive to individuals over 65, as younger individuals with qualifying disabilities may also enroll in these plans. Additionally, MA plans are not limited to inpatient services; they encompass a wide range of health care services, including outpatient care, prescription drug coverage, and preventive services.