Filed Under:Health Insurance, Individual Health

CMS Unveils 2013 Medicare Advantage Bidding Rules

Marilyn Tavenner (AP Photo/Steve Helber)
Marilyn Tavenner (AP Photo/Steve Helber)

The federal Centers for Medicare & Medicaid Services (CMS) says it will let the Medicare Advantage health plan "growth rate," or cost trend, increase to 3.07% in 2013, from 0.7% this year.

CMS also is making good on earlier announcements indicating that it would try to put more teeth in its 5-star plan quality rating system.

CMS officials say in the final call letter say they will write to consumers in the low-rated plans and help them switch to higher-rated plans, even if that means the consumers must switch outside the normal enrollment period.

Comments on the final rule will be due 60 days after the official Federal Register publication date, officials say.

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Nichole Morford

Nichole Morford
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