KENNEBUNK, Maine, Aug. 13, 2015 /PRNewswire/ -- Mark Farrah Associates (MFA), www.markfarrah.com, announces new features are now available in Medicare Benefits Analyzer™ (MBA), a database designed for Medicare product comparisons and competitive analysis. MFA offers this online database to make it easier for Medicare Advantage and PDP companies to compare their products' benefits with competitor products down to county market levels. Medicare companies rely on MBA to help them hone sales and marketing strategies prior to the OEP (open enrollment period) and also to refine benefit parameters prior to CMS bid submissions each year.
One enhancement to the Medicare Benefits Analyzer™ is the drug tier costs database that presents standard and preferred cost-sharing by drug tier, purchase type and supply for all Medicare Advantage and stand-alone Part D plans. Another new feature in the online product is the Plan Finder Profiles database with screen-shots of Plan Finder details for easy look-ups, plan by plan. The popular Pick & Click Custom Report Builder enables customers to build and save their own analysis reports by selecting from more than 100 benefit and star ratings fields.
Subscribers to Medicare Benefits Analyzer™ use interactive tables and the file export library to download Medicare Advantage and Prescription Drug Plan data for analysis. In addition to plan premiums, co-pays and benefits information, subscribers also have access to Medicare star ratings and the Medicare Business Online™ enrollment trend database. "Medicare companies count on us to deliver complete and accurate data that's easy to use for comparative analysis. Medicare Benefits Analyzer™ is our top priority each Fall; we process data as quickly as we can to help customers gear up for OEP," said LuAnne Farrah, President, Mark Farrah Associates.
As companies prepare for the upcoming 2016 OEP, Mark Farrah Associates will be ready to release 2016 Plan Finder data within days after new benefits data is posted on the Medicare.gov website, around October 1st. Star quality ratings will be updated around October 8th following CMS' release of the latest results. For more information, visit the product page on Mark Farrah Associates' website at http://www.markfarrah.com/products/medicare-benefits-analyzer.aspx or call MFA at 724-338-4100.
About Mark Farrah Associates (MFA)
MFA is a leading provider of health plan market data and analysis tools. Committed to simplifying analysis of health insurance business, our products include Medicare Business Online™, Medicare Benefits Analyzer™ Health Coverage Portal™, County Health Coverage™, Health Insurer Insights™, and Health Plans USA™.
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SOURCE Mark Farrah Associates