Final answer:
The Medicare special needs plan is the type of Medicare Advantage plan designed for individuals in nursing homes who are eligible for both Medicare and Medicaid and have one or more specific chronic or disabling conditions.
Step-by-step explanation:
The type of Medicare Advantage plan that is designed to meet the needs of those who live in nursing homes, are eligible for both Medicare and Medicaid and have one or more specific chronic or disabling conditions is the Medicare special needs plan. This plan provides specialized care and services for individuals with specific health conditions or who require specialized care settings such as nursing homes. It is aimed at addressing the unique needs of this population and ensuring they receive the necessary healthcare services.