Medicare Star Ratings can help your clients evaluate their options when choosing a Medicare retirement plan. Our recent blog article explains why Star Ratings matter.
Star Ratings use federal benchmarks to determine how effectively healthcare is delivered to Medicare beneficiaries across the country, allowing decision-makers to compare the value of different plans. The ratings serve to both monitor quality and promote higher standards for Medicare Advantage and Part D plan offerings. You can view the ratings with Medicare’s Plan Finder.
Insurance carriers with Medicare Star Ratings of 4 or above are eligible for bonus and rebate incentives, which can lead to lower premiums, extra benefits, and higher-quality care. Anthem currently has a Star Rating of 4.5.
Read our recent article to gain a better understanding of how Medicare Star Ratings can help your clients.