MCMURRAY, Pa.--(BUSINESS WIRE)--Mark Farrah Associates (MFA), www.markfarrah.com, a leading provider of market data and intelligence solutions for the healthcare industry, announces the release of the 2017 Medicare Benefits Analyzer™ (MBA). Customers now have access to Medicare Advantage and PDP premiums, co-pays and benefits information for the upcoming 2017 calendar year. MFA maintains this online subscription product to make it easier for health plans and prescription drug plans to analyze their positions and target opportunities in the highly competitive Medicare marketplace. Medicare Benefits Analyzer™ presents more than 100 benefit attributes. In addition to plan premiums and enrollment, the product includes plan to plan comparisons for a wide array of benefit co-pays and costs including PCP and specialist co-pays, prescription drug tier costs, co-pays for inpatient and outpatient procedures as well as annual out-of-pocket cost estimates.
The primary data source is the 2017 Plan Finder, a CMS (Centers for Medicare & Medicaid Services) tool made available on the Medicare.gov site to make it easier for seniors to look up plans available in their market. Medicare plans rely heavily on this data, particularly in October each year, to finalize sales and marketing strategies prior to the start of the Open Enrollment on October 15th. Plans also use Medicare Benefits Analyzer™ for market analysis when preparing competitive bids for submission to CMS.
Subscribers to Medicare Benefits Analyzer use interactive tables and the file export library to download Medicare Advantage and Prescription Drug Plan data to assess which plans have competitive selling advantages county by county. In addition to the latest plan premiums, co-pays and benefits information, subscribers also have access to the latest membership data as well as Medicare Star Quality Ratings. MFA also offers the Medicare Cost Estimates by Health Status dataset as an additional add-on to MBA. This supplemental dataset provides cost estimates by plan and health status (Poor, Good and Excellent) organized for comparative analysis. MBA subscriptions include Medicare Business Online™ for access to monthly enrollment data.
For more information about Medicare Benefits Analyzer™, visit the product page on the Mark Farrah Associates website at http://www.markfarrah.com/products/medicare-benefits-analyzer.aspx.
About Mark Farrah Associates (MFA)
Mark Farrah Associates is a leading business information provider in the health insurance sector. We provide health plan market data and analysis tools for the healthcare industry and our products include Health Coverage Portal™, County Health Coverage™, Health Plans USA™, Medicare Business Online™, Medicare Benefits Analyzer™ and SHCE & MLR Annual Data™. To learn more about our products, access the product brochures and preview videos in the Products section of our website at www.markfarrah.com.