Medicare Specialty Vertical Carve-Out Plans: The 2016 OPEN MINDS Medicare SNP Market Share Report

Created as part of Medicare Modernization Act of 2003, Medicare Advantage special needs plans (SNPs) have been in operation since 2006. SNPs are a specific type of Medicare Advantage plan that serve Medicare beneficiaries with complex conditions and needs. Plans must offer the full-continuum of Medicare benefits including Part A, Part B, and Part D. In addition, plans must offer supplemental benefits and develop a model of care specific to the beneficiaries being served. There are three types of SNPs that serve different subsets of the Medicare population: dual eligibles (D-SNPs), consumers with chronic conditions (C-SNPs), and . . .