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The Milliman Medicare Advantage Competitive Value Added Tool (Milliman MACVAT®) is a comprehensive tool that allows users to quickly evaluate relative values of Medicare Advantage program plans.
Built on the familiar Excel spreadsheet platform, this model provides per-member-per-month (PMPM) estimates of the "value added" of in-network services above traditional Medicare for Medicare Advantage and Prescription Drug (MA-PD) plans that are not funded through additional member premiums, based on Milliman's proprietary Part C and Part D rating models.
Milliman MACVAT allows you to compare plans side by side using Milliman’s value added metric, which reflects the unique cost structures of each county in the United States and Puerto Rico. It helps boil down benefit information succinctly and organizes results into a user-friendly interface. Users can filter results, see new comparison results instantly, and view value added results both numerically and graphically.
Ideal for current and prospective Medicare Advantage organizations, this flexible tool:
Milliman MACVAT lets you compare plans for a given county using a number of different filters, including plan type, line of business, parent company, premium, and others. In addition, the included Milliman Medicare Advantage Competitive Benefit Options Exhibit (Milliman MACBOX®) tool enables the user to compare multiple counties at one time. Both tools provide benefit cost sharing for multiple service categories, plan information, and enrollment statistics, all in one complete and succinct package for reference.
Milliman MACVAT is simple to use and:
Milliman MACVAT and Milliman MACBOX both display benefit cost-sharing information for cost-sharing categories. They take the work out of gathering this information from a multitude of other sources and present it in an easy-to-read and informative interface. With MACVAT, you can see enrollment changes paired with value added, premium, star rating, and benefit changes to understand the market movement quickly and easily.
Contact us to learn more about Milliman MACVAT.
Adam Barnhart is a principal and consulting actuary with the Milwaukee office of Milliman. He joined the firm in 2007.
Julia Friedman is a senior consulting actuary with the Milwaukee office of Milliman. She joined the firm in 2010.
Brett Swanson is a principal and consulting actuary with the Milwaukee office of Milliman. He joined the firm in 2005.
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