Medicare Advantage Plans are a type of Medicare health plan offered by private companies that contract with Medicare to provide all Part A and Part B benefits. With Medicare Advantage Plans, Medicare services are covered through the plan and aren’t paid for under Original Medicare. Coverage may include Medicare Part D prescription drug coverage as well as hospitalization, doctor visits, skilled nursing, medical tests, diagnostics and other services. Medicare Advantage Plans include HMOs, PPOs, Private Fee-for-Service (PFFS), and Special Needs Plans. Premiums are often low and $0 premium plans are available in many areas.