Healthcare DIVE September 20, 2024
The reductions will affect roughly 5,400 members, mostly in Florida, according to a notice to marketing agents.
Dive Brief:
- Cigna is the latest health insurer to roll back its Medicare Advantage offerings next year, as the privately run Medicare plans look for ways to preserve profits amid higher costs from more seniors utilizing medical care.
- Cigna’s planned reductions will affect 36 plans in eight states, and include the insurer exiting at least three counties entirely, according to a notice to marketing agents published by Pinnacle Financial Services on Wednesday.
- However, the majority of those plans have low membership, and patients in most markets will have access to another Cigna MA plan, according to the notice.
Dive Insight:
Seniors...
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