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Would alerting the public that a Medicare plan was hit with a fine be helpful for Medicare beneficiaries or just an unnecessary embarrassment for the health plan?
That’s a question the Medicare agency is pondering as it works to finalize 2019 guidance for the Medicare Advantage and Part D drug programs.
The Centers for Medicare & Medicaid Services has proposed a “civil money penalty” symbol or icon be placed next to the name of insurers that got one.
Plans can get the penalty for small and large missteps of program rules.
No word yet on what the symbol would look like but it probably won’t be attractive. The icon would be on the agency's Medicare Plan Finder, an online program that beneficiaries use to search for health plans. Medicare considers it one more tool to help beneficiaries make better informed choices on plans appropriate for them.
Medicare Plan Icon: Black Eye or Useful Tool?
That’s a question the Medicare agency is pondering as it works to finalize 2019 guidance for the Medicare Advantage and Part D drug programs.
The Centers for Medicare & Medicaid Services has proposed a “civil money penalty” symbol or icon be placed next to the name of insurers that got one.
Plans can get the penalty for small and large missteps of program rules.
No word yet on what the symbol would look like but it probably won’t be attractive. The icon would be on the agency's Medicare Plan Finder, an online program that beneficiaries use to search for health plans. Medicare considers it one more tool to help beneficiaries make better informed choices on plans appropriate for them.
Medicare Plan Icon: Black Eye or Useful Tool?