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Posted by www.psmbrokerage.com Admin on Thu, Apr 22, 2021 @ 02:28 PM
Help eligible clients bolster their health and wellness with expanding benefits like the Healthy Foods Card (HFC) included on many DSNPs. With resources like our digital playbook, you’ll have most everything you need to build successful relationships with your DSNP community.
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Posted by www.psmbrokerage.com Admin on Fri, Mar 26, 2021 @ 03:07 PM
Medicare Advantage Regional Trends Enrollment Trends Vary by Region National trends are useful, but Medicare competition is ultimately local. In line with that, we split the US into nine regions to see how each region compared to national trends. (MyMedicareBot can drill into the specific counties where each plan operates, not shown in this report.) Local PPOs and D-SNPs are Growing Local PPOs are outpacing HMOs
Medigap+PDPs are Down and MAPDs are Up MAPDs were up 10.5% nationally
PDPs were down 3.1% nationally
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Tags: Medicare Advantage, Medicare, Medicare Part D, Dual Eligibles, DSNP, 2021 aep
Posted by www.psmbrokerage.com Admin on Wed, Mar 24, 2021 @ 10:13 AM
Individual Medicare Advantage enrollment increased by 11% (to nearly 22 million beneficiaries). The largest plans are getting bigger by increasing their product line and marketing spend. In particular, their wider offering of PPO, D-SNP and C-SNP plans allows them to better target and acquire specific beneficiary segments (i.e., LIS, chronic, dual, PDP-to-MAPD and Medigap-to-MAPD converters) across all enrollment periods. Medicare Advantage Growth Individual Medicare Advantage enrollment increased by 11% to 22 Million Beneficiaries. The Big Plans are Getting Bigger The big plans are getting bigger by increasing their product line and marketing spend. In particular, their wider offering of PPO, D-SNP and C-SNP plans allows them to better target and acquire specific beneficiary segments (i.e., LIS, chronic, dual, PDP-to-MAPD and Medigap-to-MAPD converters) across all enrollment periods. Their challenge in AEP 2022 is how to improve lead targeting and quality to increase member persistency. Startups are Gaining Ground Although still relatively small, new entrants like Alignment, Clover and Devoted are rapidly growing membership with simplified and highly competitive plan designs, such as $0 to low premium PPO, low copay and market matching extra benefits. Their challenge in AEP 2022 is to smartly target expansion markets and quickly adapt to local distribution Local Plans are Struggling Local plans are being squeezed by national plans gaining share by introducing higher benefit and lower premium plans and startups testing and implementing simplified plans with market matching benefits and innovative member engagement programs to keep them loyal and less likely to shop. Their challenge in AEP 2022 is to develop more effective retention and growth strategies that take advantage of their local
Medigap+PDP-to-MAPD Conversion is Increasing
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Tags: Medicare Advantage, Medicare, Medicare Part D, Dual Eligibles, DSNP, 2021 aep
Posted by www.psmbrokerage.com Admin on Tue, Feb 09, 2021 @ 10:00 AM
The analysis, released Friday by consulting firm Avalere Health, also found the number of enrollees in MA plans that offer such benefits increased this year compared to 2020. The analysis comes as the Biden administration is likely to make social determinants of health a major priority, with supplemental benefits in MA plans an area in which to address those issues. “Stakeholders should consider engaging with the Biden administration around their early experiences with [supplemental benefits for the chronically ill] and any policy change that could facilitate their wider adoption,” the analysis said. The analysis found that this year, 787 MA plans are offering special supplemental benefits that range from meal delivery to pest control and virtual visits. The plans represent 16% of all plans that Avalere analyzed. “Overall, in 2021, 15% of enrollees in non-employer MA plans are enrolled in plans offering [supplemental benefits], as compared to 6% in 2020,” Avalere said. RELATED: Study: Higher MA star ratings associated with improvements in members’ outcomes The analysis also found that 86% of the total Medicare beneficiary population live in a county with at least one MA plan that offers one of the benefits. Plans could start to offer the supplemental benefits that were not specifically health-related starting in 2020. This year, plans started offering new benefits like prescription deliveries for those who must stay home due to the COVID-19 pandemic. “However, the number of plans offering these benefits—and associated enrollment—are relatively small compared to the most prevalent benefits,” the firm said. The most popular supplemental benefit was meals, with 356 plans employing the benefit. The second-most popular was food and produce with 336 plans, and pest control was a benefit offered by 200 plans. Avalere looked at the plan benefit package data from the Centers for Medicare & Medicaid Services in 2020 and 2021. ![]() |
Tags: Medicare Advantage plans, Medicare News, DSNP, Special Needs Plans, CSNP
Posted by www.psmbrokerage.com Admin on Thu, May 21, 2020 @ 04:13 PM
Toplines
Abstract
Issue: Enrollment in Medicare Advantage (MA) has grown significantly over the past two decades, with one of three Medicare beneficiaries now covered by these private plans. Yet we know little about their characteristics or experiences.
Goal: To analyze MA enrollees’ demographic, socioeconomic, and clinical characteristics as well as their health care utilization, spending, and quality of care.
Methods: Retrospective observational cohort analyses of Medicare encounter data for more than 2 million MA beneficiaries in 2012 and 1.8 million in 2015.
Key Findings: Between 2012 and 2015, the MA population grew younger and included greater proportions of racial and ethnic minorities. There were also more low-income beneficiaries, more living in poor neighborhoods, and more living in neighborhoods where few residents have college degrees. While chronic conditions had not become more prevalent by 2015, a greater proportion of beneficiaries had complex medical needs. Hospitalization rates were stable, but lengths of hospital stays increased as did use of observation stays and emergency department visits. Spending was 13 percent higher in 2015, largely because of spending on prescription drugs. Performance on several measures of health care quality improved, but medication adherence declined slightly.
Conclusions: MA plans will need to develop targeted interventions to address beneficiaries’ social risks, avoid medical complications, and increase medication adherence. Plans also need to reduce spending on postacute care, for example, by expanding use of services provided in beneficiaries’ homes.
Introduction
Enrollment in Medicare Advantage (MA) plans has grown significantly in the last two decades, from 4.6 million in 2003 to 18.5 million in 2017, representing 33 percent of the Medicare population.1 Over the same period, government payments to these private plans increased to more than $200 billion per year.2 Despite the increasing role of MA, there is little known about the composition, health care utilization, and spending patterns of enrollees.3 For example, although the Centers for Medicare and Medicaid Services (CMS) publishes data on the burden of chronic conditions among beneficiaries enrolled in traditional fee-for-service Medicare, the reports exclude the MA population because “claims data are not available for these beneficiaries.”
MA plans consist primarily of health maintenance organizations (HMOs) and preferred provider organizations (PPOs). Given how the plans are paid — monthly capitated payments for each member — they have incentives to avoid unnecessary utilization, coordinate care, and promote better health. They also have flexibility to provide benefits such as hearing, dental, vision, and care management services that are not offered under traditional Medicare. Plans that achieve designated levels of performance and enrollee satisfaction also earn bonus payments, which they may use to provide additional benefits, such as those related to disease prevention. Starting in 2019 and 2020 under the CHRONIC (Creating High-Quality Results and Outcomes Necessary to Improve Chronic) Care Act, Medicare Advantage plans have the option to offer nonmedical benefits like meal delivery, home modifications, help with daily activities, and other services that may promote health and functioning and help avoid medical complications.5
Our analysis is based on de-identified, nationally representative data drawn from Medicare Advantage members’ medical and pharmacy claims from more than 120 plans. It is the first comprehensive analysis of changes in the MA population between 2012 and 2015, including changes in demographic and socioeconomic characteristics, prevalence of chronic conditions, health care utilization, spending patterns, and performance on selected quality measures.
Findings
DEMOGRAPHIC AND PLAN CHARACTERISTICS
The study populations included 2.0 million MA beneficiaries in 2012 and 1.8 million beneficiaries in 2015. In 2015, MA beneficiaries on average were younger than in 2012 (Exhibit 1). The proportion of enrollees under age 65 years rose, indicating more people had qualified for Medicare because of disability. There also were more low-income beneficiaries. The proportion of MA beneficiaries enrolled in both Medicare and Medicaid — sometimes referred to as dual eligibles — increased by about 39 percent. The proportion of MA beneficiaries enrolled in a Special Needs Plan (SNP) for dually eligible beneficiaries more than doubled from 2012 to 2015. Such plans offer integrated benefits, but not all dually eligible MA beneficiaries are enrolled in them.
While most MA enrollees identified as white, the percentage identifying as racial or ethnic minorities increased by nearly 22 percent from 2012 to 2015. In both years, most MA enrollees lived in urban or suburban areas. The percentage of members enrolled in an HMO increased nearly 16 percent from 2012 to 2015.
Medicare Advantage Beneficiary Demographic and Plan Characteristics, 2012 and 2015
Social Risks
There is increasing evidence that people’s life circumstances, including their income and living conditions, affect their health and thus their health care utilization, outcomes, and spending.6 A growing number of MA beneficiaries have social risks that if unaddressed could lead them to become high-need, high-cost patients. This study used a unique granular source of social risk data aggregated at the nine-digit ZIP code level representing 30 million neighborhoods with an average of five households. From 2012 to 2015, the number of beneficiaries with median incomes below $30,000 increased 35 percent (Exhibit 2). The proportion of those living in a neighborhood where 20 percent or more of households lived below the federal poverty level increased by 29 percent, while the proportion in a neighborhood where less than 20 percent had a bachelor’s degree increased by 20 percent.
Medicare Advantage Beneficiary Socioeconomic Characteristics, 2012 and 2015
Chronic Conditions
The average number of chronic conditions among MA beneficiaries increased slightly between 2012 and 2015, but there was a 12 percent increase in the number of beneficiaries with eight or more conditions (Exhibit 3). We also used the Charlson Comorbidity Index (CCI) to evaluate the severity of illness in the MA population.7 The average CCI score was higher in 2015 than in 2012 because of an increase in beneficiaries with a score of four or higher, indicating a larger number of beneficiaries with a high number of comorbidities.
Medicare Advantage Beneficiary Clinical Characteristics, 2012 and 2015
The prevalence and rank of chronic conditions was similar in 2012 and 2015. The five most common chronic conditions in both years were hypertension (diagnosed in 70% of beneficiaries in 2015), hyperlipidemia (64%), rheumatoid arthritis (34%), eye disease (33%), and diabetes (33%) (Exhibit 3; see Appendix A for complete list of top chronic conditions).
We applied algorithms developed in a previous analysis of the Medicare fee-for-service population to categorize patients into clinical groupings, or segments, using 29 chronic conditions.8 The clinical segments are designed to help health care providers and payers better target interventions and control costs, especially among high-need beneficiaries. These segments (defined in “How We Conducted This Study”) are:
Results indicate that the MA population was distributed similarly across the segments in 2012 and 2015, with some notable exceptions (Exhibit 4). While the largest proportion of MA beneficiaries fell into the minor complex chronic segment in both 2012 and 2015, there were declines in the minor complex chronic, simple chronic, and relatively healthy segments and increases in the disabled under age 65 and frail elderly groups. The frail elderly segment indicates the presence of two or more frailty indicators, such as difficulty in walking, falls, and muscle weakness.
Medicare Advantage Beneficiaries by Clinical Segment, 2012 and 2015
Health Care Utilization and Spending
Rates of hospitalizations, outpatient visits, prescription drug fills, and the number of unique medications per member were stable from 2012 to 2015, but there was a significant increase in observation visits (43% higher) and emergency department visits (23% higher) (Exhibit 5). (Observation visits last no more than one night and give clinicians time to decide whether patients should be admitted to the hospital.) The average length of hospital stays also increased by 22 percent, indicating those who were admitted to the hospital were sicker on average in 2015 than in 2012.
Medicare Advantage Beneficiary Utilization and Spending, 2012 and 2015
Average total spending per member per year was 13 percent higher in 2015 than in 2012 ($11,116 vs. $9,799). This was largely because of substantially increased spending on prescription drugs (38% increase). Spending on hospital stays also increased by 25 percent, consistent with the longer lengths of stay, and spending on skilled nursing increased by 20 percent, which is consistent with the increase in the number of frail elderly beneficiaries.
We defined high-cost beneficiaries as those in the top 10 percent of total annual spending per beneficiary. Spending for these high-cost beneficiaries was similar in 2012 and 2015 (Exhibit 6). The largest increases were in prescription drug costs (79% higher) and inpatient costs (21.4% higher); inpatient costs were the highest category of spending in 2015. Spending on physician services and tests declined by 10.3 percent among high-cost beneficiaries, but it remained the second-highest category in 2015.
High-Cost Beneficiary Spending by Category, 2012 and 2015
Implications
About a third of all Medicare beneficiaries are enrolled in MA plans, but we know much less about their experiences than those of traditional Medicare enrollees. To our knowledge, this is the first study to profile and segment the MA population and evaluate recent trends in their demographic, socioeconomic, and clinical characteristics, as well as their health care utilization, spending, and quality.
We found major changes in the MA population from 2012 to 2015. Beneficiaries were younger on average because more people under age 65 qualified for Medicare due to disability. There were also more racial/ethnic minorities and more people with low incomes enrolling in MA. The proportion of MA beneficiaries enrolled in a Special Needs Plan for dually eligible beneficiaries more than doubled from 2012 to 2015. And more beneficiaries had social risks that could eventually make them high-need, high-cost patients. Further investigation is needed to evaluate whether these changes are driven by changes among Medicare beneficiaries generally, changes among those who select an MA plan, or by entry and exit of MA plans available in the market.
While the prevalence of chronic conditions among MA beneficiaries was relatively stable from 2012 to 2015, beneficiaries became more medically complex. More beneficiaries had multiple comorbid conditions, indicators of frailty (i.e., had difficulty walking, muscle loss, senility, or functional problems), or enrolled in Medicare because of disability.
Hospitalization rates, outpatient visits, and medication use were stable from 2012 to 2015, but there was a significant increase in observation stays and emergency department visits. The average length of stay also increased, indicating that on average those who were admitted to the hospital were sicker.
Overall spending was 13 percent higher in 2015, largely because of increased spending on prescription drugs. Spending on hospital stays also increased by 25 percent, consistent with the longer lengths of stay, and spending on skilled nursing increased by 20 percent, which is consistent with the increase in frail elderly beneficiaries. Spending for high-cost beneficiaries showed a similar pattern from 2012 to 2015, with the largest increases in prescription drug costs and inpatient costs. Spending on physician services and tests declined by 10.3 percent among high-cost beneficiaries.
MA beneficiaries had lower rates of potentially avoidable hospitalizations and hospital readmissions in 2015 than in 2012. There also was a significant decline in the use of high-risk medications, which may be linked to lower rates of hospitalizations. There was a slight increase in the breast cancer screening rate, but adherence to medications to treat cholesterol, diabetes, and hypertension declined slightly.
Our findings suggest that MA plans will need to develop targeted interventions to address social and medical risks among beneficiaries who, overall, have become poorer, frailer, and more medically complex in recent years. For example, plans should take steps to reduce complications in high-risk patients and increase adherence to prescribed medications. Several approaches for managing patients with multiple chronic conditions and/or unmet social needs have been shown to improve health outcomes and reduce the costs of care.9 MA plans also need to consider more efficient options and settings for post acute care for an increasingly frail population by expanding use of services in beneficiaries’ homes and engaging in robust management of transitions among care settings. And they may want to exercise new options under the CHRONIC Care Act to offer supplemental services to vulnerable beneficiaries.
Further research analyzing health care utilization, spending, and quality among different groups of MA enrollees would provide additional insight into the characteristics of the most high-need patients and enable plans to create targeted strategies to serve them.
Read The Full Brief Here: https://www.commonwealthfund.org/sites/default/files/2020-05/Teigland_Medicare_Advantage_beneficiary_trends_ib.pdf
Tags: Medicare Advantage, DSNP, Low Income Subsidy
Posted by www.psmbrokerage.com Admin on Tue, Apr 14, 2020 @ 12:38 PM
Agents: The Key to Maximizing the Growing Dual Eligible Opportunity |