CY2026 Rate Announcement . Risk Adjustment

HCC V28 is fully phased in for 2026. Here is what it does to your RAF.

The three-year transition is over. For payment year 2026, CMS scores 100 percent on the CMS-HCC V28 model. No more blended safety net from V24.

Short answer

If your panel carried weight in diabetes, vascular disease, or depression, your 2026 RAF drops unless documentation and recapture change. V28 removed hundreds of codes from payment and flattened several high-volume conditions. The calculator below shows the swing on a real-looking member panel.

The 2026 reality in four numbers

V28 is no longer partial. It is the whole score.

100%
Share of your 2026 risk score calculated on CMS-HCC V28. The V24 blend from 2024 and 2025 is gone.
CY2026 Rate Announcement
115
Payment HCCs in V28, renumbered from the 86 payment HCCs used in the V24 (2020) model. Old crosswalks do not carry over.
CMS-HCC V28 model
~2,000
ICD-10-CM codes CMS moved out of risk-adjustment payment in V28. Many were high-frequency, low-specificity codes.
V24 to V28 mapping change
5.9%
Statutory minimum MA coding-pattern adjustment CMS still applies on top of the V28 score for 2026.
Adjusted MA risk score
How we got to 100 percent

The blend that cushioned you for two years is retired.

CMS ran V28 in with a three-year phase-in so plans could adjust. Each year leaned harder on V28. In 2026 there is nothing left to lean on.

PY 2024 Year 1
67% V24
33%
First blend. Most of your score still ran on the familiar 2020 model.
PY 2025 Year 2
33%
67% V28
The weight flipped. V28 losses started showing up in real dollars.
PY 2026 LIVE NOW
100% V28
Fully phased in. Every documented and unrecaptured condition is scored on V28 alone.
The unique angle . Interactive

RAF calculator: V24 versus fully-phased V28 on one member panel.

Pick a member archetype or toggle conditions yourself. Watch the same panel score two ways. Red coefficients are the conditions that lost weight or fell off payment entirely under V28.

Same member. Two models. One score change.

// toggle conditions to rebuild the RAF
RAF on V240.000
RAF on V28 (2026)0.000
0%
score change under full V28
V24 total0.00
V28 total0.00

Coefficients are illustrative, community non-dual aged, shown to demonstrate directional change. Exact factors live in the CMS-HCC V28 model files published with the CY2026 Rate Announcement. A demographic base of 0.436 and simple HCC-group hierarchy are applied; disease interactions are not modeled here.

Where recapture now matters most

V28 did not cut everything. It cut specific, high-volume things.

Lost weight or fell off payment DOCUMENT HARDER

  • Diabetes - the without-complication and with-complication tiers were collapsed, so the old reward for coding complications shrank.
  • Peripheral vascular disease and angina - several vascular and atherosclerosis codes were moved out of payment entirely.
  • Major depression - the behavioral coefficient was reduced and lower-specificity depression codes lost payment.
  • CKD stage 3 - early-stage renal weight was trimmed, pushing value toward accurate later-stage capture.

Held or strengthened PROTECT THESE

  • Congestive heart failure - split into more granular acute and chronic HCCs; well-documented CHF holds its value.
  • COPD - coefficient stayed roughly level, so annual recapture stays worth the effort.
  • Morbid obesity - metabolic capture remains meaningful when BMI and comorbidity are documented.
  • Protein-calorie malnutrition - still carries real weight, but the bar for clean documentation is higher.
Do not forget Part D

The RxHCC model moved too.

Rx

Part D risk is scored on its own RxHCC model, also updated for 2026.

The CY2026 Rate Announcement carries an updated RxHCC model for Part D payment, separate from the CMS-HCC medical model. A member whose medical RAF slips under V28 can still carry meaningful RxHCC value, and the reverse is true. Plans that reconcile only the medical score leave Part D revenue on the table. Both models read from the same documentation, so one clean chart pass feeds both.

Know your V28 exposure before AWV season closes it out.

ASP-RCM Solutions re-scores your live panel on fully-phased V28, flags the members whose RAF fell under the new coefficients, and builds the recapture worklist that gets the documentable conditions back on the claim. Risk adjustment that is measured, not hoped for.

Model my 2026 V28 impact →

Sources referenced: CY2026 Medicare Advantage and Part D Rate Announcement, the CMS-HCC risk adjustment model version 28 (V28), the prior CMS-HCC V24 (2020) model, and the RxHCC Part D model. Coefficients in the calculator are illustrative for demonstration; authoritative factors are in the CMS model files. No client data is shown.