Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
The Transparency in Medicare Advantage Steering Act requires Medicare Advantage insurance plans to report detailed information about the agents and brokers who enroll their members, starting January 1, 2028. Specifically, plans must report which enrollees were signed up through agents or brokers, how much compensation those agents or brokers received, and the form of that compensation. Beginning in 2030, the federal government will publicly release this compensation data on its website and add a flag to Medicare's medical records database to identify enrollees who were steered to plans by agents rather than choosing independently. The bill affects Medicare Advantage organizations, agents, brokers, and the roughly 28 million Medicare beneficiaries enrolled in these plans. The legislation contains no new federal spending but creates reporting requirements for insurance companies to increase transparency around potential financial incentives that may influence how beneficiaries are enrolled in specific plans.
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