High ranked Medicare Advantage plans attract members
Consumers increasingly are choosing Medicare Advantage plans with higher quality ratings, U.S. Department of Health & Human Services Secretary Kathleen Sebelius said Thursday in a statement. More than 30 percent of Medicare Advantage plans will have four or more stars in 2014, up from 28 percent in 2013. And more than 50 percent of Medicare Advantage members are currently enrolled in plans with at least four stars, up from 37 percent of members last year. HHS also announced average premiums for Medicare Advantage plans in 2014 should only rise by $1.64 from last year, totaling $32.60. Since the reform law passed, average Medicare Advantage premiums have decreased by almost 10 percent. "As a result of the Affordable Care Act, Medicare Advantage and Prescription Drug Plans remain strong and continue to provide improved benefits and low premiums for beneficiaries," Sebelius said. Statement
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