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The number of Medicare Advantage plans investing in supplemental benefits to address social determinants of health tripled in a single year, but additional guidance and standards from the Biden administration are needed, a new report said.
The report, released Thursday by the Better Medicare Alliance, comes as the Biden administration has made it a priority to address health equity and has called for collection of race and ethnicity data from providers and payers.
“This report paints an encouraging picture of the significant investments Medicare Advantage plans and partners are already making in this space, with the number of Medicare Advantage plans providing [supplemental benefits] increasing more than three-fold in a single year,” said Kenneth Thorpe, chair of the Better Medicare Alliance’s board of directors, in a statement.