Benefits of Milliman MACVAT
Compare plan value easily
Users can filter results, see new comparisons instantly, and view results both numerically and graphically. Value added is expressed on a per member, per month basis for easy understanding and discussion.
Drill into your market
Our proprietary and unique measurement of value added reflects the unique cost structures of each county offering MA in the United States, including the District of Columbia and Puerto Rico. The tool also includes premiums, star ratings, benefit information, and enrollment by county and in total for current and past years.
Analyze the full range of benefits
Easily view nearly every MA-PD benefit and better understand the value contribution of each plan’s MA-PD benefit design for the last five years.
Create powerful visualizations
Bring data to life using the business intelligence functionality of the web-based Milliman MACVAT Dashboard. Powerful visualizations driven by Microsoft’s PowerBI interface will enhance understanding of the market and plan offerings.
Features of Milliman MACVAT
Increased value
MACVAT automates the gathering of plan details so your team can spend their time providing additional value to your organization.
Consistency
The standardized value added metric helps users more easily compare plans within service areas and across multiple years.
Reliability
Get accurate, actionable information quickly to drive key decisions.
Ease of access
Use Milliman MACVAT as an Excel spreadsheet or through the web-based Milliman MACVAT Dashboard.
Actionable
The value added metric includes all major benefit categories to better compare plan offerings and is the most comprehensive evaluation of benefit value in the MA market.
Wealth of data
The Milliman MACVAT displays nearly all of the benefits offered within the MA landscape for in and out-of-network benefit designs, including Part D, SSBCI, and optional supplemental benefits.
Understand plan value, including premium impact
In this example, Plan 2 charges the same premium as Plan 1, but its benefits are richer, leading to a higher overall value added. Plan 3 has the richest benefits, but also charges a higher premium, leading to an overall lower value added than both Plan 1 and Plan 2.
Better understand the relationship between value added and enrollment
Review market trends over the last five years, drilling down to the desired level of review.
- Enrollment (including crosswalks)
- Star rating
- Member premium
- Value added
- Benefit detail
In this example, Plan 4 may not have the highest value added, but it does attract the most membership in this market.