If affected, seniors should receive a letter alerting them about the next steps and how to enroll in a new plan.
Around 6,000 seniors are set to lose their health care plans as yet another Medicare Advantage insurer adapts to cost pressures.MVP Health Care will be ending its UVM Health Advantage Plan program in Vermont because of rising health care costs and lower Medicare reimbursement rates, the company announced this week.The plan was originally offered with the University of Vermont Health Network , but now thousands will need to find new coverage options.
Centene Corp announced roughly 40,000 seniors would need to choose new plans in at least six states due to cost pressures in Alabama, Massachusetts, New Hampshire, Rhode Island, New Mexico and Vermont.'We've said before that we expect to shrink in 2025 as we think about what business is going to serve this well in the long run,' Centene CFO Andrew Asher said during the company's second-quarter earnings call.
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