tci Medicare Compliance & Reimbursement - 2023 Issue Q1

Reimbursement: CMS Announces Update on 2024 MA and Part D Payment Policies

Deadline: Submit your comments on the advance notice before March 3. CMS expects a significantly lower Medicare Advantage (MA) and Part D payment rate increase for 2024. If you want to offer your opinion on the changes, you’ll need to get on it ASAP. Context: On Feb. 1, the Centers for Medicare & Medicaid Services (CMS) released the calendar year (CY) 2024 Advance Notice of Methodological Changes for Medicare Advantage (MA) Capitation Rates and Part C and Part D Payment Policies. The notice reviews CMS’ payment rate methodology and alignment with Inflation Reduction Act provisions. CMS estimates a...

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