Interested plans need to jump several administrative hurdles, and time is running out.
The Centers for Medicare & Medicaid Services recently announced several deadlines for current Medicare plans that want to transition into Medicare Advantage in 2006, when the program is revamped to include a prescription drug benefit.
Plans will need to submit the following information to Medicare: a signed attestation that the plan will transition to the 2006 requirements, due on March 10, 2005; a Medicare prescription drug plan application, if the health plan is also planning on offering a prescription drug plan, which is due by "mid-March, 2005"; and a Medicare Advantage PDP bid submission, due June 6, 2005.
For more information, go to
www.cms.hhs.gov/healthplans/maapplications/matmemo1222.pdf.