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Medicare payment hike proposal could alter seniors' Medicare Advantage benefits
Summary
CMS proposed a 0.09% average increase to Medicare Advantage payments for 2027 and is taking public comments through March 1, with a final rate expected by April 6.
Content
CMS has proposed a 0.09% average increase to Medicare Advantage payment rates for 2027. The agency updates MA payment rates each year. Industry groups and some analysts have reported that such a small increase could lead insurers to reduce benefits or raise costs for people enrolled in MA plans. CMS is accepting public comments and plans to set a final rate in April.
What is known:
- CMS proposed a 0.09% average increase for Medicare Advantage payments for 2027.
- CMS is accepting public comments on the proposal through March 1 and expects to announce a final rate by April 6.
- Industry groups and some insurers have warned the small increase could result in reduced benefits or higher costs for Medicare Advantage enrollees.
Summary:
The proposed payment change is small and officials have opened a comment period before finalizing the rate. Reported impacts include potential changes to plan benefits or costs for enrollees, and CMS will announce a final 2027 payment rate by April 6.
