With Open Enrollment for 2021 health plans upon us, the Centers for Medicare and Medicaid Services (CMS) has released its annual Medicare Advantage and Part D star ratings for 2021.
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Overall, there are fewer total plans available across the nation, though three, four, and five star plans are available in similar numbers to last year. The report notes, quality ratings of Medicare Advantage and Medicare Part D drug plans remains strong for the new year.
49% of Medicare Advantage plans with prescription drug coverage have an overall rating of four stars or higher.
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Medicare Advantage Plans
More than 1/3 of seniors are choosing Medicare Advantage plans over traditional Medicare, and with good reason. In 2021 Medicare Advantage plans are on track towards the lowest premiums we’ve seen in more than 14 years.
In referring to the number of high star ratings for Medicare Advantage plans with drug coverage, A CMS Administrator, notes in an article from Healthcare Finance, “seniors are coming out on top in 2021.” Read more here. There, you’ll also find a full list of organizations with 2021 plans, and overall plan star ratings from 5 stars all the way down to 2.5.
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We hope you find this information useful! Let us know how we can help you with your insurance needs. If you have questions about coverage options, give us a call @ +1 (970) 264-4321 or email to info@hippsllc.com!
