How many stars does your Medicare Advantage plan have?
How many stars does your Medicare Advantage plan have? The Centers for Medicare & Medicaid Services (CMS) just released its 2023 Medicare Advantage Plan Star Rating. A score intended to help people compare the quality of services provided by the plans so that they can make the decision to change the plan or not, during the open enrollment period, which began on October 15 and will be in force until December 7.
CMS is a federal agency, part of the Department of Health and Human Services, that administers the Medicare program.
Plans are rated with a maximum of five stars. They get only one for the worst plans and five stars for the excellent-rated plans.
This score reflects the experiences of its members regarding the quality of treatments – diabetes, hypertension, prescription drugs, eye exams, physical activities, colorectal or breast cancer exams – and benefits received. It is a useful tool for those who have doubts about their plan and want to take advantage of the opportunity that opens up during the Open Enrollment to choose a different plan.
In general, the 2023 Medicare Advantage plans are projected to drop in price by 8% compared to the previous year. That is, from 19.52 dollars to 18 dollars per month. It’s another factor to consider when looking at coverage options that best meet your health needs.
A list of star ratings can be found on the CMS website: http://go.cms.gov/partcanddstarratings. You can also consult with a Univista Insurance specialist to help you find a five-star Medicare Advantage plan that meets your expectations. How many stars does your Medicare Advantage plan have?