What an increasing number of 5-star Medicare benefit plans mean for beneficiaries
According to Medicare.gov, Medicare uses information from member satisfaction surveys, plans, and healthcare providers to give plans overall performance stars.
A plan can receive a rating between 1 and 5 stars, and these ratings will help you compare plans based on quality and performance, according to Medicare.gov.
A 5-star rating is considered excellent and there are more and more 5-star plans out there. According to Healthcare Finance, 73 health insurances received five stars, significantly more than the 21 five-star plans for 2021.
But a 5-star rating doesn’t always mean it’s the best plan for you, says Jae Oh, author of Maximize Your Medicare. What is best for you will be decided by evaluating whether or not the doctors you want and the medications you are taking are on the plan.
For more information on the 2022 Medicare Advantage and Part D star ratings, including a fact sheet, visit: http://go.cms.gov/partcanddstarratings and download the 2022 Star Ratings Data zip file from the download area down.
5-star plans are marked with a special icon: Find Health and Medication Plans.
Also read CMS Releases 2022 Medicare Advantage and Part D Star Ratings to help Medicare beneficiaries compare plans.
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