tci Medicare Compliance & Reimbursement - 2004 Issue 8

Medicare Advantage: MedAdv Plans Lower Premiums, Enhance Benefits

Flush with federal funding, plans are making their products more attractive.Less than a month after the government increased their reimbursement rates by over 10 percent, managed Medicare plans are putting the extra money to use.A number of plans participating in Medicare Advantage - formerly known as Medicare+Choice - have announced over the past two weeks that they are decreasing premiums and cost-sharing, enhancing benefits or contributing to a benefit stabilization fund that would offset potential increases in premiums or decreases in benefits in the future.Newly announced results from an AAHP-HIAA member survey confirm this trend. Plans...

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