Be More Generous to Save Money: A Discussion of Benefits that Demonstrate Cost Savings

Mike Adelberg, principal at Faegre Drinker Consulting, moderates a panel discussing Medicare Advantage (MA) supplemental benefits that, in theory, should produce savings for MA plans by improving the lives of members. To test the theory, Adelberg has carefully assembled a few benefit providers that have actuarially modeled savings or demonstrated savings with other plans. On this panel, innovative benefit vendors and actuaries will present documentation of the cost offsets that they can deliver Medicare Advantage plans through actuarial modeling and client case studies.discussed supplemental dental benefits in Medicare Advantage and other ways that senior citizens receive dental coverage. He also covered potential legislation that would create a Medicare dental benefit and explored models for delivering this potential expanded Medicare benefit.