The Medicare Advantage Calendar
Centene — Tue, Jul 28, 8:30 a.m. ET (in 3 days). D-SNP growth and Medicaid rate commentary. Centene's MA book is small but its duals positioning matters for the 2027 bid story.
Three layers on one spine. Payer calls set the trend narrative, broker calls price the distribution channel, and CMS dates decide what either can do next. The regulatory layer moves the sector harder than earnings do, and it runs on a calendar nobody has to guess at.
Prepackaged Chapter 11 in D. Del., ~$917m assets against ~$986m debts. Lenders take control; company expects to emerge before AEP. No Q2 call expected. Q1 2026 revenue ~$11.9m against ~$221m a year prior.
filed · source ↗Reported ahead of outlook. FY26 adj. EPS guidance raised to at least $27; Q2 adj. EPS $7.45. Sets the favourable-trend baseline others are read against.
8:30 a.m. ET · source ↗Sector bellwether. The utilisation-trend narrative here frames every call that follows. Call Read already ingested.
8:00 a.m. ET · source ↗Q2 adj. EPS $1.51 on $10.2bn premium revenue. Small MA book; read mainly for duals and Medicaid rate adequacy.
8:00 a.m. ET · source ↗D-SNP growth and Medicaid rate commentary. Centene's MA book is small but its duals positioning matters for the 2027 bid story.
8:30 a.m. ET · source ↗The purest MA read in the sector. Benefit ratio, membership trajectory, 2027 bid posture, Stars recovery, and broker channel/commission commentary.
8:00 a.m. ET Q&A (release 6:00 a.m.) · source ↗Exited MA, so this is a Part D and specialty-pharmacy read. Evernorth commentary shapes the drug-cost side of MA economics.
8:30 a.m. ET · source ↗MA-only insurgent. The growth-versus-margin trade-off, and whether the 2027 expansion footprint holds.
5:00 p.m. ET (after close) · source ↗The only remaining pure-play public MA broker. Approved members, LTV per approval, constrained-LTV revisions, and carrier commission terms going into AEP.
5:00 p.m. ET · source ↗Aetna MA margin recovery, Part D redesign impact, and broker acquisition cost per member.
8:00 a.m. ET · source ↗Provider-side view of MA cost trend. Delegated risk economics are the cleanest check on carrier utilisation claims.
4:30 p.m. ET (after close) · source ↗Small book, but an early and unhedged read on utilisation.
5:00 p.m. ET (after close) · source ↗Value-based enablement; MA attribution and provider appetite for downside risk.
8:00 a.m. ET · source ↗Delegated risk in California. Capitation economics under the 2027 rate environment.
5:30 p.m. ET · source ↗Fiscal Q4 plus full-year FY26 (June 30 year end). Senior segment matters more than the consolidated print — SelectRx now carries much of the revenue. FY25 landed Aug 21; FY24 landed Sep 13.
date not yet announced · source ↗First hard look at 2027 benefit design, premiums, and county footprints. The single best pre-AEP read on who is retreating and where.
late SeptemberFrom the CY2027 final rule published Apr 6, 2026. Directly reshapes TPMO and agent/broker conduct for the AEP that starts two weeks later.
effective date · source ↗Sets 2028 quality bonus revenue. The 2026 ratings were released Oct 9, 2025 at a 3.65 average and were subsequently recalculated — expect litigation risk again.
early October · source ↗The commercial event of the year. Broker Q3 calls land inside it, so the read is always partial — the quarter that matters gets reported in February.
Oct 15 – Dec 7 · Statutory — 42 CFR 422.62The rule that moves broker economics hardest — commission caps, administrative payments, TPMO restrictions. CY2027's proposed rule set the pattern.
Nov–Dec, date TBAProposed rates, risk-model changes, and normalisation. CY2027's Advance Notice landed Jan 26, 2026 and proposed excluding chart reviews from risk scoring.
late January, date TBA · source ↗CY2027 came in at a 2.48% benchmark increase, announced Apr 6, 2026. This is the number the 2028 bids are built on.
early April, date TBA · source ↗Bids are locked here. Everything carriers say on Q1 2027 calls about 2028 margin is a pre-commitment to this date.
first Monday in JuneQ3 payer calls run mid-October to early November and land on top of Star Ratings and the opening of AEP. Dates for that cycle are not yet announced.