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Maybe…
CMS sent out a memo last month establishing a Special Election Period (SEP) for Medicare beneficiaries to enroll in a 5-Star Medicare Advantage plan starting in the plan year 2012. CMS is trying to "encourage" Medicare Advantage companies to reach the 5-Star level. It’s great news from CMS. Now the challenge is getting more Medicare Advantage companies to that level.
Here is a link to a blog post on the topic. It Includes the CMS memo.
My guess is that we will see a few 5-Star rated plans, but it will be very difficult for plans to get to that level. The ones that do will have a HUGE advantage during the “Lock-In” period. Medicare Advantage sales may be back to a year round opportunity if you have plans in your market that have this rating.
CMS sent out a memo last month establishing a Special Election Period (SEP) for Medicare beneficiaries to enroll in a 5-Star Medicare Advantage plan starting in the plan year 2012. CMS is trying to "encourage" Medicare Advantage companies to reach the 5-Star level. It’s great news from CMS. Now the challenge is getting more Medicare Advantage companies to that level.
Here is a link to a blog post on the topic. It Includes the CMS memo.
My guess is that we will see a few 5-Star rated plans, but it will be very difficult for plans to get to that level. The ones that do will have a HUGE advantage during the “Lock-In” period. Medicare Advantage sales may be back to a year round opportunity if you have plans in your market that have this rating.
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