CMS released a Request for Information seeking public comment on the Medicare Advantage program. HCAOA will be submitting comments on behalf of members, and all members are encouraged to send comments or feedback to [email protected] by August 24. In the Medicare Advantage program – also known as Medicare Part C – Medicare contracts with private insurers that must offer all Traditional Medicare services to people with Medicare and may offer added supplemental benefits, including in-home care.
Several years ago, CMS allowed Medicare Advantage plans to offer home care as a supplemental benefit. Since then, HCAOA has encouraged members to keep this on their radar as a potential new source for revenue. “The number of MA plans offering supplemental benefits is growing exponentially, and agencies should develop an action plan to get involved with these networks and potentially open up a whole new revenue stream,” said HCAOA CEO Vicki Hoak. Medicare Advantage provides a holistic approach to care through supplemental services, including access to in-home care and services, telehealth services, wellness and physical fitness benefits, and benefits that address health-related social needs such as food insecurity, social connections, and transportation needs. According to the Better Medicare Alliance, this model provides improved health outcomes with 43% fewer avoidable hospitalizations for any condition, lower hospital readmission rates, and higher rates of utilization of preventive services. Click here for the RFI.
3 Comments
9/27/2022 08:15:48 pm
I love that you talked that benefits of Medicare insurance plan increased after the traditional offers. Yesterday, my godfather informed me he wanted to understand the benefits of his Medicare healthcare plan, and he asked me if I had any thoughts on what would be the best option to consider. I love this enlightening article, I'll tell him that we can consult a Medicare insurance plan service as they can help provide a more thorough explanation of his insurance plan.
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11/17/2022 11:45:10 am
I liked it the most when you shared that Medicare contracts with private insurers to provide Medicare Advantage programs. My friend wants health insurance that fits her needs. I should advise her to look for an insurer that offers tailored coverage.
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1/9/2023 05:49:19 am
Thanks for delivering such an exciting post. I hope to see more great posts like this in the future and keep the good work going on.
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