Medicare Advantage Renamed; Penalties for Misleading Use of Medicare Name.
This act renames the Medicare Advantage program to "Alternative Private Health Plan." The goal is to prevent confusion and clearly distinguish between programs. Companies using "Medicare" in their plan titles after the change may face significant fines.
Key points
The Medicare Advantage program will be renamed to "Alternative Private Health Plan."
Companies advertising health plans will be prohibited from using "Medicare" in the plan title, with a penalty of $100,000 per instance.
A transition period will be implemented to help beneficiaries and providers adapt to the new name.
Status:
Expired
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