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Medicare Advantage Special Needs Plans (SNPs) are primarily administered by private insurance companies. These plans are designed to provide targeted healthcare services and/or prescription drug coverage to specific groups of individuals, including those who are dually eligible for Medicare and Medicaid or have certain chronic conditions.

Private insurance companies offer these specialized plans to ensure that beneficiaries receive care tailored to their unique health requirements. They have the flexibility to create personalized networks of providers and offer additional services that align with the needs of their enrollees, which is a significant component of the SNP structure.

While government agencies set the overall regulations and framework for Medicare, it is the private insurers that handle the day-to-day administration, including enrollment, claims processing, and member services for these plans. This collaboration allows for an innovative approach to manage care in a way that addresses the specific needs of vulnerable populations effectively.