This rating is based on 3 categories. Under the quality rating system exchange health plans are given an overall rating on a 5 star scale with 5 stars representing highest quality.
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August 16 2019 plans on the federal health insurance exchange will publicly display quality ratings on a five star system in plan year py 2020 cms announced.
Health insurance marketplace quality rating system. It also requires marketplaces to display qhp quality ratings on marketplace websites to assist in consumer selection of qhps. The quality ratings will be. A quality rating higher than 3 means that a health plan performed better than average compared to other marketplace plans in a given year.
Quality ratings 2019 marketplace quality ratings 7 a quality rating of 3 means that a health plan is considered on average compared to other marketplace plans in a given year. A quality rating lower than 3. Member experience medical care and plan administration.
Each of these categories also has its own rating that is based on a 5 star rating scale. About the quality rating system qrs section 1311 c 3 of the affordable care act directs the hhs secretary to develop a system that rates qhps based on relative quality and price.
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