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On February 1, 2023, CMS released the Medicare Advantage (MA) Advance Notice which is a document used to give notice to MA plans about upcoming changes to the model for the following performance year. MA plans are given a period of time in which they may submit comments on the proposed changes. In early April of each year, CMS releases the MA Rate Letter in which changes are made official or modified/dropped as a result of submitted comments.
The 2023 Advance Notice contained a few substantive changes that have resulted in a flurry of activity to verify the data that CMS presented, as well as quantify the effects that each payer and each beneficiary might feel. At CareJourney, we have been fielding calls and messages ever since the release to discuss the policy and operation impacts these proposed changes might have on our customers.