Becker's Healthcare October 14, 2024
The Medicare annual enrollment period has begun, marked by significant changes in the Medicare Advantage market.
Among these changes are increased government scrutiny, tighter CMS regulations, reduced base payments, and rising healthcare costs among older adults.
In response to these market shifts, many MA carriers are prioritizing their margins over membership by reducing certain benefits and exiting unprofitable markets. As margins tighten and negotiations with providers become more strained, some providers are choosing to no longer accept some or all MA plans.
10 key notes about the annual enrollment period:
1. Medicare annual enrollment runs from Oct. 15 to Dec. 7., when beneficiaries can review and make changes to their Medicare Advantage (Part C) and prescription drug (Part D) plans...
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