HR 6583
To amend title XVIII of the Social Security Act to establish a risk corridor program for Medicare Advantage plans during the COVID-19 emergency, and for other purposes.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill creates a temporary risk corridor program within Medicare Advantage plans during the COVID-19 emergency. The program would provide financial assistance to Medicare Advantage plans if their costs exceed 105% of their expected payments, based on a ratio of actual costs to premiums. Plans would need to submit detailed information to the Centers for Medicare & Medicaid Services to receive these payments, which would be made within 60 days of submission. This aims to support Medicare Advantage plans facing increased expenses due to the pandemic.
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