WASHINGTON, Oct. 15, 2015 /PRNewswire-USNewswire/ -- U.S. News & World Report today released the 2016 Best Medicare Plans. The new ratings are a resource for Medicare beneficiaries and their families searching for the best coverage options during the annual open-enrollment period, which began today and runs through December 7, 2015.
The Best Medicare Plans ratings include Honor Rolls of the Best Medicare Advantage Plans and Best Part D Plans, which highlight insurance companies that consistently offer highly rated health coverage to those 65-and-older. The plan ratings and Honor Rolls are offered through the U.S. News Health Insurance site, which helps health insurance buyers of all kinds navigate the options available to them.
"In choosing a health insurance plan, Medicare beneficiaries face many considerations, some of them complex," said Ben Harder, chief of health analysis for U.S. News. "Our free, easy-to-use online tools and straightforward ratings help consumers make fully informed decisions about which plan is best for their needs."
The U.S. News ratings give up to 5 stars for each Medicare Advantage and Medicare Part D plan available in each state. Insurance companies made the Honor Roll if either their Medicare Advantage or their Part D plans received an average rating of 4.5 stars or higher across all plans in a given state. Companies that consistently offer highly rated Medicare Advantage plans in multiple states include Erickson Advantage, with top-rated plans in 9 states. For Part D plans, which cover prescription drugs, 8 states have one insurer that made the U.S. News list. This year, 4 of the 8 plans on the Medicare Part D Honor Roll are Blue Cross and Blue Shield plans.
U.S. News used plan-ratings data from the Centers for Medicare & Medicaid Services (CMS) to identify the Best Medicare Advantage Plans and Best Medicare Part D Plans. CMS rates individual plans on a scale of 1 to 5 stars, factoring in member satisfaction, customer service and other criteria. The U.S. News methodology analyzes all plans offered by an insurer in a given state.
The Best Medicare Plans ratings serve the broader U.S. News mission to provide trusted information and rankings that help Americans navigate complex health care issues, from finding health insurance and doctors to hospitals and nursing homes.
About U.S. News & World Report
U.S. News & World Report is a global digital news and information company that empowers people to make better, more informed decisions about important issues affecting their lives. Focusing on Education, Health, Personal Finance, Travel, Cars and News & Opinion, www.usnews.com provides consumer advice, rankings, news and analysis to serve people making complex decisions throughout all stages of life. 30 million people visit www.usnews.com each month for research and guidance. Founded in 1933, U.S. News is headquartered in Washington, D.C.
SOURCE U.S. News & World Report