Last week, the Centers for Medicare and Medicaid Services (CMS) released the updated payment policies in the Calendar Year 2024 Advance Notice of Methodological Changes for the Medicare Advantage (MA) Capitation Rates and Part C and D Payment Policies.
The Advance Notice proposes updates to MA Payment growth rates and changes to the MA and Part D payment methodologies. To view the Advance Notice, click here and select “2024 Advance Notice.” A fact sheet discussing provisions of the Advance Notice can be viewed here.
CMS is seeking comment on the Advance Notice until March 3, 2023. To submit a comment, go to www.regulations.gov, enter docket number “CMS-2023-0010” in the search field, and follow instructions to submit a comment.
The Medicare Advantage and Part D payment policies for 2024 will be finalized in the Calendar Year 2024 Rate Announcement and published no later than April 3, 2023.
Information provided by the CMS Newsroom.