Half a million Medicare Advantage beneficiaries are at risk of losing their benefits: Who is affected?
Unfortunately, hundreds of thousands will lose their Medicare Advantage plans after one of the largest providers, Humana, announces it will be exiting thirteen markets across the country.
More Than 500,000 Americans Set to Lose Their Medicare Advantage Plans
More than 500,000 Americans are scheduled to lose their Medicare Advantage plans now that major insurer Humana is leaving 13 markets across the country. The company's Chief Financial Officer Susan Diamond made the announcement during a Wells Fargo Healthcare Conference this month, saying roughly 560,000 members would need to find a new plan.
Why Medicare Advantage plans are losing more providers
Medicare Advantage plans have ramped up claim denials and prior authorization policies, leading to more contentious contract negotiations with providers.
Essentia Health drops UnitedHealthcare and Humana Medicare Advantage Plans
This was not a decision we made lightly,” Dr. Cantor said. “The frequent denials and associated delays negatively impact our ability to provide the timely and appropriate care our patients deserve."
Essentia to drop some Medicare Advantage plans
Essentia encourages its patients to verify that any new plan is in-network to prevent gaps in care. Alternative in-network Medicare plan options include Medica, UCare, EssentiaCare, Blue Cross Blue Shield of Minnesota and North Dakota, HealthPartners, Security Health, traditional Medicare and Medicare supplemental plans.
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