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Medicare Advantage (MA)

A health insurance program of managed health care approved by Medicare and provided by private companies. Medicare Advantage plans combine Medicare Part A (hospital coverage) and B (doctor coverage) plus additional benefits all in one plan. Also known as Medicare Part C.

Cafeteria Plan

A supplement to traditional coverage allowing employees to set up Flexible Spending Accounts. These accounts allow employees to set aside up to $2,500 in wages…