Should Congress implement the change without adjusting the Medicare Advantage benchmark, Medicare Advantage plans could see 48-73 percent fewer rebate dollars, according to the report. These funds are used to provide benefits including transportation, meals and other auxiliary perks.
The loss translates to an annual $970 to $1,056 in lost benefits for seniors, the report estimates.
Shifting finances related to adding dental benefits could directly affect the over 57 percent of Medicare Advantage plan members who have $0 premiums. Should it go into effect without adjusting the Medicare Advantage benchmark, these $0 premium plans would be more difficult to maintain.
The full report can be accessed here.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.