On November 16th, the Centers for Medicare & Medicaid Services (CMS) issued a proposed rule
that will result in lower premiums and increased plan choices for Medicare beneficiaries.
During this year’s Medicare Advantage Open Enrollment, which started October 15th
and runs until December 7th, seniors enrolling in Medicare Advantage
have seen average monthly premiums drop by 6%. CMS is proposing changes to
continue affordable options for Medicare beneficiaries that meet their
unique health needs.
Advantage remains a popular choice among beneficiaries and has high beneficiary
satisfaction. Enrollment in Medicare Advantage is at an all-time high as approximately
one-third of Medicare beneficiaries are in a Medicare Advantage plan. The
number of Medicare Advantage plans available for individuals across the country to choose from is increasing from about 2,700 to more than 3,100. In addition, more
than 85% of Medicare beneficiaries will have access to 10 or more
Medicare Advantage plan choices.
proposed rule also furthers CMS’ Patients Over Paperwork initiative.
Specifically, the proposed rule would reduce regulatory burdens by:
CMS to permit electronic delivery of more materials to beneficiaries;
transparency of the Medicare Advantage Star Ratings to that give patients
information about each plan’s quality rating;
government review and approval of materials that Medicare Advantage plans use
to communicate with beneficiaries; and
burdensome enrollment requirements for providers that bring value to Medicare
For a fact sheet on the proposed rule, click here.
To download the proposed rule (CMS-4182-P) from the Federal Register, click here.
We hope you find this information valuable. As always, we are here to help. If you have any questions about this proposed rule, please contact us.