KFF November 20, 2025
A
- Advanced Notice
- The publication of proposed changes to the methodology used in the previous year to determine annual Medicare Advantage payment rates. Required to be announced at least 60 days prior to the annual rate announcement.
B
- Base Payment
- The portion of the federal payment to Medicare Advantage insurers that pays for the cost of providing Medicare Part A and Part B services.
- Benchmark
- The maximum amount the federal government will pay per month for an average Medicare beneficiary enrolled in a Medicare Advantage plan in a county.
- Bid
- The amount a Medicare Advantage insurer estimates it will cost to provide Medicare Part A and Part B covered services under a...
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