Inside the New Medicare Advantage Push from 10 Senior Living Providers
As more senior housing and care providers get in the Medicare Advantage (MA) game, it is becoming increasingly clear that they are playing a team sport.
A striking example comes from Minnesota’s Twin Cities, where 10 different providers have come together with a health insurer and a geriatric medical practice/care management organization to launch one of the largest special needs plans in the country, dubbed Medica Advantage Solution PartnerCare.
This team approach is driven by the scale needed to support a plan and the overall complexity of Medicare Advantage, which refers to health plans funded via payments that the federal government makes to private sector insurance companies. These insurers create benefits packages and manage services, with the underlying principle being that they can make money while providing more efficient care than traditional Medicare.