U.S. News & World Report, the global authority in health care rankings and consumer advice, has named BlueCross BlueShield of Tennessee (BCBST) to its 2024 Best Insurance Companies for Medicare Advantage.
The Best Insurance Companies for Medicare Advantage identifies private insurance companies that offer highly rated plans to seniors. Insurance companies were recognized if their Medicare Advantage plans received an average rating of 4.5 stars or higher, with none rated below 3.0, across all plans within a state. BCBST’s Medicare Advantage plans earned a 4.5 Star rating in CMS’ latest ranking. Every year, Medicare evaluates plans based on a 5-star rating system.
“Our members are at the heart of everything we do in Medicare Advantage, and we strive to deliver exceptional support and service at every opportunity,” said Todd Ray, BCBST’s senior vice president for government programs. “It’s an honor to be recognized in this way.”
The U.S. News and World Report Best Insurance Companies for Medicare Advantage 2024 ratings also highlight insurance companies that are among the best nationally in overall coverage, low premium plans, member experience and prescription coverage.
“We recognize the challenges U.S. seniors face when selecting the right Medicare Advantage plan options for themselves,” said Sumita Singh, senior vice president and general manager of Health at U.S. News. “The Best Insurance Companies for Medicare Advantage ratings provided by U.S. News & World Report, featuring more than 300 insurance companies, hopes to empower consumers to make high quality, data-driven health care decisions when faced with a complex health insurance environment.”
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. The CMS star rating program annually evaluates individual Medicare Advantage 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.
For more information, visit Best Insurance Companies for Medicare Advantage.
BlueCross BlueShield of Tennessee is a taxpaying, not-for-profit health plan serving more than 3.4 million members in Tennessee and around the country. The Chattanooga-based company was founded in 1945 and has brought peace of mind to its members and local communities for more than 75 years. BlueCross BlueShield of Tennessee Inc. is an independent licensee of the BlueCross BlueShield Association. For more information, visit the company’s news center at bcbstnews.com or visit the company’s website at bcbst.com.
About U.S. News & World Report
U.S. News & World Report is the global leader in quality rankings that empower consumers, business leaders and policy officials to make better, more informed decisions about important issues affecting their lives and communities. A multifaceted digital media company with Education, Health, Money, Travel, Cars, News, Real Estate, Careers and 360 Reviews platforms, U.S. News provides rankings, independent reporting, data journalism, consumer advice and U.S. News Live events. More than 40 million people visit USNews.com each month for research and guidance. Founded in 1933, U.S. News is headquartered in Washington, D.C.