CMS releases 2024 star ratings for Medicare Advantage parts A, B and D Plans

Each year, the Star Ratings for Medicare Part D prescription drug plans and Medicare Advantage prescription drug plans are announced. These ratings are based on the experiences of beneficiaries of these two programs. Plans are scored on a scale of 1 to 5, with 1 signifying poor performance and 5 representing excellent performance.

Medicare beneficiaries can use the online Medicare Plan Finder tool on Medicare.gov to compare quality using star ratings and other data, including cost and coverage.

In 2024, CMS will continue improvements to the Star Ratings program by finalizing new methodological enhancements to further drive quality improvement for all enrollees. In this rule, CMS finalizes a health equity index (HEI) reward, beginning with the 2027 Star Ratings, to further encourage MA and Part D plans to improve care for enrollees with certain social risk factors. CMS also reduces the weight of patient experience, complaints, and access measures to further align with other CMS quality programs and the current CMS quality strategy. In addition, CMS includes an additional rule for the removal of Star Ratings measures and removes the 60 percent rule that is part of the adjustment for extreme and uncontrollable circumstances. The changes will further drive quality improvement and health equity in MA and Part D.

Medicare Open Enrollment runs from October 15 to December 7, and any modifications to coverage take effect on January 1, 2024. People with Medicare can choose health and pharmacy plans for 2024 and compare coverage alternatives, including traditional Medicare and Medicare Advantage, during this period.

Medicare Advantage and Part D contracts are rated on up to 40 unique quality and performance measures.

MedHelpCenter.us recommends to call the Senior Health Insurance Agency at 813-592-8568 for further explanation.