Medicare Advantage Cost Transparency Act

The Medicare Advantage Cost Transparency Act requires Medicare Advantage plans to include specific cost details in their data submissions starting in 2027. This change mandates that records show the allowed amount for services and the exact cost-sharing amounts, such as deductibles and copayments, that patients must pay. Additionally, the bill requires plans to note whether a patient received an at-home health risk assessment from a company related to the plan or from an independent provider. The primary goal is to increase financial clarity for individuals enrolled in Medicare Advantage plans by making billing information more transparent.