Today, the Centers for Medicare & Medicaid Services (CMS) announced that Medicare beneficiaries will continue to have access to high-quality Medicare Advantage and Part D prescription drug plans in 2021.
According to the latest data, quality ratings of Medicare Advantage and Medicare Part D drug plans remain strong. Most Medicare beneficiaries – about 77 percent – who enroll in Medicare Advantage plans with drug coverage will be in plans with four or more stars in 2021. That compares with 69 percent of beneficiaries enrolled in such plans in 2017. Almost half – about 49 percent – of Medicare Advantage plans that offer prescription drug coverage will have an overall rating of four stars or higher, up from about 45 percent in 2017. The average Star Rating for all Medicare Advantage plans with prescription drug coverage improved to 4.06 out of 5 stars in 2021 from 4.02 in 2017.
“The historically low premiums for Medicare Advantage plans this year would mean little if they didn’t come paired with high-quality care,” said CMS Administrator Seema Verma. “Thankfully, President Trump’s patient-oriented policies have led to exactly that. With nearly half of Medicare Advantage plans with drug coverage rated at four stars or higher, and more than three-quarters of beneficiaries in Medicare Advantage plans with drug coverage enrolled in such four-star plans, seniors are coming out on top in 2021.”
Continue reading at CMS.gov.