The 2012 study manual says that the system for Medicare Part D
Is if Benchmark > Bid
75% of the Benchmark minus bid gets added to plan
+ Bid
If bid > benchmark, excess of bid minus benchmark is member cost?
But
Now it says this is for MA plans part a and b
For Part D it is Average of the bids? What does this mean?
Is if Benchmark > Bid
75% of the Benchmark minus bid gets added to plan
+ Bid
If bid > benchmark, excess of bid minus benchmark is member cost?
But
Now it says this is for MA plans part a and b
For Part D it is Average of the bids? What does this mean?
Benchmark vs Bid for Medicare Part D?
