Medicare Premium Support

Definition: 
The concept of premium support builds on the notion of beneficiaries picking private plans to deliver their Medicare benefits, but with an additional feature of limiting the government subsidy and not permitting it to vary with plan features. Beneficiaries would receive a government contribution toward the premium charged by a private plan of their choice. If the premium exceeded the contribution, beneficiaries would pay the difference.
Glossary Category: 
Medicare & Medicaid