Yes. To make the enrollment decision simpler, the Centers for Medicare and Medicaid Services (CMS) stress that Medicare beneficiaries should focus on a few important aspects when selecting a new Part D prescription drug plan:
Cost, Coverage, and Convenience.
To these three key factors, we also add "
Company" — meaning, some people decide on a Part D plan based on the company offering the Part D plan.
If you are not familiar with the reputations of all the insurance companies or plan providers now offering Medicare Part D plans (or Medicare Advantage plans) — no problem - CMS has implemented a Medicare Part D and Medicare Advantage plan star rating system that can give you some insight into other people’s experiences with Medicare plans.
CMS uses information
from member satisfaction surveys, plans, and health care providers to
generate the "
Star Ratings". A Medicare plan can receive a rating from one to five stars. A 5-star
rating is considered excellent. The overall plan's Star Rating gives you
a single summary score that makes it easier to compare plans based on
quality and performance.
In short, Star Ratings help Medicare
beneficiaries like you compare different Medicare plans based on plan
quality and performance.
Click here for more details on the Medicare Part D plan ratings.
Our
Medicare Part D plan finder and
Medicare Advantage plan finder also displays information on Medicare plan star ratings.