Each year the Centers for Medicare & Medicaid Services (CMS) assigns star ratings from 1-5 to all the Medicare Advantage and Medicare drug plans available. These ratings are based on a careful review of the quality and performance of each plan, and only the best of the best are awarded the 5-star rating.
If a top rated Medicare Advantage plan is available where you live, you are eligible for a Special Enrollment Period. You can switch your coverage to an available 5-star plan at any time once between December 8 and November 30 every year.
5-star Medicare Advantage plans generally offer more coverage than Original Medicare, including dental, hearing, and vision benefits, and many also include prescription drug coverage. Additionally, they may provide access to higher quality care providers in your area.
CMS assigns star ratings based on feedback from both customers and providers. Only 28 Medicare Advantage plans received a 5-star rating in 2021, meaning only the best Medicare plans are awarded this title.
The 2021 star ratings were published by CMS in October 2020. The list of 5-star plans included offerings from Anthem, Cigna, Humana, United Healthcare, and other popular private health insurers.
5-star plans are available in areas of Texas, Florida, Georgia, California, Colorado, New York, and additional states. If you’re interested in exploring coverage options in in your area, or if you’d like to see if a 5-star plan is available for you, please reach out and give us a call. Our licensed agents are happy to help you find a Medicare plan that meets your individual needs.