The Medicare Advantage and Part D star ratings for 2020 shows
that more plans have 4 stars or higher star ratings this 2020 as compared to 2019.
Also, there are more plans being offered to start on October 15. According to the Centers for Medicare and
Medicaid Services, there are about 1,200 more Medicare Advantage plans operating
in 2020 than in 2018. Approximately 52 percent of contracts for Medicare
Advantage plans offering Part D coverage earned 4 stars or higher, compared to
about 45% in 2019.
In the 401 contracts for 2020, 210 are at 4 stars or higher,
compared to 172 in 2019 when there were only 376 contracts.
Twenty contracts for MA and Part D earned 5 stars, 72 earned 4.5
stars and 118 earned 4 stars. This compares to 14 that earned 5 stars in 2019,
64 that earned 4.5 stars, and 94 that earned 4 stars last year.
WHY THIS MATTERS?
The
star ratings are important to both insurers and beneficiaries. The rating
system rates Medicare health and drug plans on a rating of 1 to 5 stars, with 1
representing poor performance and 5 stars representing excellent performance. Through
these ratings, you can determine which insurers provide the best service among
others.
You can compare health coverage choices and the star ratings
through the online Medicare Plan Finder tool available at Medicare.gov.
Mga Komento
Mag-post ng isang Komento