The Centers for Medicare & Medicaid Services today published its star ratings for 2020 Medicare Advantage and prescription drug plans. Most people with Medicare will have access to MA and Part D plans with four or more stars in 2020, and about 81% of MA enrollees with prescription drug coverage will be in plans with four and five stars in 2020, an increase from 69% in 2017. CMS last month released premium and cost-sharing information for MA and Part D prescription drug plans for the 2020 calendar year. The average MA premium will decrease by $3.87 (14%) to $23, while the average monthly premium for a basic Medicare Part D prescription drug plan will decrease by $2.50 to $30, the agency estimates. CMS projects MA enrollment will climb by 2.2 million in 2020 to a record 24.4 million. Open enrollment for 2020 Medicare health and drug plans begins Oct. 15.

Related News Articles

Headline
The AHA today urged the Centers for Medicare & Medicaid Services to use its oversight authority for Medicare Advantage, Medicaid managed care, Children’s…
Headline
The Centers for Medicare & Medicaid Services today finalized additional provisions for the Medicare Advantage and Part D prescription drug programs…
Headline
The Centers for Medicare & Medicaid Services yesterday released a request for applications from Medicare Advantage and prescription drug plans to…
Headline
The Centers for Medicare & Medicaid Services will not update the overall hospital quality star ratings at Hospital Compare in January to allow time to…
Headline
The Centers for Medicare & Medicaid Services yesterday announced premium and cost-sharing information for Medicare Advantage and Part D prescription drug…
Headline
The Centers for Medicare & Medicaid Services proposes to fully phase in its new risk adjustment model for Medicare Advantage plans in calendar year 2022,…