Datapoint: CMS Updates Elevance Star Ratings

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March 13

CMS informed Elevance Health, Inc. that four of the company’s Medicare Advantage contracts will have a higher 2024 Star Rating after the agency updated the original ratings it announced in October 2023. The insurer said in a March 4 filing with the Securities and Exchange Commission that it now estimates it will have approximately 49% of its MA members enrolled in plans with at least 4 Stars for 2024, based on January 2024 enrollment. CMS’s Star Rating revision, Elevance predicted, will result in a 2025 financial benefit of approximately $190 million. Elevance is currently the fourth-largest MA insurer nationally, with 1,975,035 members.

Source: AIS’s Directory of Health Plans

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AIS Health Staff

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