The Biden administration’s proposal to add dental, vision, and hearing benefits to traditional Medicare could end up shortchanging program beneficiaries enrolled in private Medicare Advantage plans, a new report finds.
Unless Congress adjusts the Medicare Advantage “benchmark” base rate, those plans would receive 48% to 73% fewer rebate dollars, said an analysis funded by America’s Health Insurance Plans, a leading industry trade group. Rebate dollars help fund supplemental benefits like transportation to appointments, meals, in-home services, and over-the-counter medicines,
That comes to nearly $700 to $1,056 a year in benefits that the Medicare Advantage plan enrollees would lose each year, ...
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