Institutional Special Needs Plans (I-SNPs) are Medicare Advantage (MA) plans available to beneficiaries who need the level of care provided in a nursing facility or psychiatric facility.
A new explainer from the Medicare Policy Initiative describes I-SNPs in the MA market and outcomes, issues with oversight of I-SNPs, and raises unanswered questions about the I-SNP program. Download the explainer to learn more about:
- How I-SNPs compare to other types of MA plans
- The growth of I-SNPs in the MA market
- The impact of I-SNPs on Medicare spending
- Concerns that I-SNPs may draw dually eligible beneficiaries away from more integrated plan options
I-SNPs have the potential to align nursing home and Medicare incentives, yet the lack of available information on I-SNPs’ impact on Medicare spending requires additional reporting and regulation.