U.S. News & World Report recently revealed the 2023 Best Insurance Companies for Medicare Advantage to assist Medicare-eligible beneficiaries in finding the right medical insurance plans for their needs during annual open enrollment, which runs October 15 – December 7, 2022.
The Best Insurance Companies for Medicare Advantage plans identifies private insurance companies that offer highly rated plans. Insurance companies were recognized if their Medicare Advantage plans received an average rating of 4.5 stars or higher across all plans within a state.
The 2023 ratings highlight insurance companies that are among the best in overall coverage, low premium plans, member experience and prescription coverage. Those named to the Honor Roll include Essence Healthcare, Humana, Kaiser Permanente and Medica.
At the national level, Humana rose to the top in the following categories for its 2023 offerings and performance in the CMS Star ratings:
- Best company for Medicare Advantage plan overall rating
- Best company for member experience
- Best company for low-premium plan availability
“Throughout this year, we really focused on listening to our members and delivering the quality and value they want and need for positive health outcomes,” said George Renaudin, President, Medicare at Humana. “This recognition from U.S. News following the announcement of our strong Star ratings for 2023 shows us we are getting it right for our members.”
U.S. News analyzed data from the Centers for Medicare & Medicaid Services (CMS) to populate its comparison tool and identify the Best Insurance Companies for Medicare Advantage plans. CMS rates individual plans on a scale of one to five stars. The U.S. News methodology analyzes insurers in a given state with plans rated three stars or higher by CMS.
“Many Medicare beneficiaries can be overwhelmed by the annual opportunity to find a Medicare plan that aligns with their personal health needs,” said Sumita Singh, senior vice president and general manager of Healthcare at U.S. News. “The Best Insurance Companies for Medicare Advantage serve the broader U.S. News mission to provide trusted information and rankings that help Americans navigate complex health care decisions.”
For more information, visit Best Insurance Companies for Medicare Advantage.