CMS has just released their 2017 Medicare Advantage plan capitation rate. On average, the payment will increase by .85%. You may recall that Medicare Advantage plans, also known as Medicare Part C, are one way Medicare Beneficiaries can get their Medicare. This shifts the risk and responsibility for a Beneficiary’s Medicare claims from Medicare to the private insurance company offering the Medicare Advantage plan.
This slight increase probably means most plans will not have to change their benefits much. We will know in October when all 2017 plans will be published. The increases fluctuate from year to year. If you want to know more about this news story, click on the link below.
If you have questions about Medicare coverages or the difference between Medicare Advantage plans and Medicare Supplements, contact me at: David@ChoicesInMedicare.com or go to www.ChoicesInMedicare.com website.