24 Medicare Advantage plans honored nationwide for cost-sharing effectiveness in design of medical and prescription drug benefits for Medicare beneficiaries in 2021
ORANGE, Calif. (Nov. 5, 2020)
– Alignment Healthcare, a California-based Medicare Advantage company that recently announced expansion into Nevada and North Carolina, has been recognized for “Excellence in 2021 Medicare Advantage Benefits Value” by independent managed care research firm HealthMetrix Research Inc. Alignment Health Plan’s Platinum HMO $0 premium product in Las Vegas, and its NC Premier HMO $0 premium product in Raleigh, North Carolina, are the only Medicare Advantage plans to receive this distinction in their respective metropolitan areas.
Medicare-eligible residents in Alignment Health Plan’s service area – which includes Clark County in Nevada and Chatham, Johnston and Wake counties in North Carolina – can enroll in one of those plans during Medicare’s annual election period, which runs Oct. 15 through Dec. 7 for coverage that begins Jan. 1 of the following year.
“This prestigious consumer recognition addresses the concerns that beneficiaries may have with Medicare Advantage plan out-of-pocket costs incurred after they enroll,” said HealthMetrix Research and MedicareNewsWatch.com President Alan Mittermaier. “Alignment Health Plan has demonstrated a commitment to delivering maximum value in the design of their plan benefits, copayments, deductibles, and premiums regardless of health status. We believe that informed beneficiaries can rely on this recognition as an indication of excellence just as they rely on other awards and consumer ratings that recognize excellence in quality of care, health outcomes and member satisfaction.”
The 24 honorees were selected from more than 100 Medicare managed care plans based on 2021 benefits and estimated annual cost-sharing approved by Medicare. HealthMetrix Research ranked Medicare plans with the lowest and highest estimated annual out-of-pocket costs using 2021 member copayments, deductibles and premiums found in the Medicare Plan Finder database at www.medicare.gov.
“With the many choices available to health care consumers, we are honored to receive recognition that shines a light on excellent plan benefit value and performance,” said Dawn Maroney, consumer and markets president for Alignment Healthcare. “Alignment Healthcare is committed to putting seniors first and providing the care and service they need and deserve. We take this promise to heart and strive to design plans that cater to their needs, and this achievement is a testament to that effort.”
ABOUT ALIGNMENT HEALTHCARE
Alignment Healthcare is redefining the business of health care by shifting the focus from payments to people. We’ve created a new model for health care delivery that cuts costs and improves lives by unraveling the inefficiencies of the current system to drive patients, providers and payers toward a common goal of wellness. Harnessing best practices from Medicare Advantage, our innovative data-management technology allows us to commit to caring for seniors and those who need it most: the chronically ill and frail. Alignment Healthcare provides partners and patients with customized care and service where they need it and when they need it, including clinical coordination, risk management and technology facilitation. Alignment Healthcare offers health plan options through Alignment Health Plan, and also partners with select health plans to help deliver better benefits at lower costs. For more information, please visit www.alignmenthealthcare.com