Medicare Advantage plans cut for 1 million seniors, insurers say
Summary
Two major health insurance companies, Humana and UnitedHealthcare, are stopping some Medicare Advantage plans next year. This change will affect about 1 million seniors who have these plans, but most will be offered different plans by the same companies.Key Facts
- Humana is ending Medicare Advantage plans for about 600,000 seniors starting next year.
- UnitedHealthcare is stopping a Medicare Advantage plan for around 390,000 seniors.
- Both companies say they plan to offer alternative Medicare Advantage plans to most affected members.
- These changes are part of a regular review of their Medicare offerings to keep costs affordable.
- UnitedHealthcare mentioned higher costs and more usage of plans as reasons for the changes.
- Medicare Advantage plans are private insurance options that cover Medicare benefits for people 65 and older.
- The information was first reported by Healthcare Brew and confirmed by the insurers.
- The changes will start in 2027 and impact many seniors’ healthcare coverage.
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