Most Medicare Advantage plans now offer a number of supplemental benefits (Dental, vision, OTC, fitness, transportation, etc.) to attract more enrollees and reduce the need for more costly medical services. Despite the explosion of supplemental benefits, the utilization of these benefits remains very low and there is not enough evidence to support the ROI. When…
Category: MA Supplemental Benefits Platform
Improving utilization of MA supplemental benefits
In 2022, 48% of Medicare beneficiaries were enrolled in Medicare Advantage plans instead of original Medicare. This number is projected to grow in 2023. Most Medicare Advantage plans offer additional supplemental benefits, such as money toward dental or vision care, which isn’t covered by original Medicare. About 1 in 4 people say extra benefits pushed…