Healthcare DIVE July 14, 2022
Dive Brief:
- Clover plans to offer Medicare Advantage plans in 13 new counties across Georgia, South Carolina and Tennessee next year as the insurtech, facing rising expenses, zeroes in on growth markets.
- The Tennesse-based company will also exit two smaller markets in El Paso, Texas, and Pima, Arizona.
- Currently, Clover offers MA plans in 209 counties, covering roughly 85,000 members. The addition will bring the insurtech’s footprint to 220 counties across eight states in 2023.
Dive Insight:
If approved by federal regulators, Clover’s MA plans will be available to individuals eligible for Medicare in the new counties for coverage starting January 2023.
Clover, like many insurtechs, is focusing on rapidly increasing its membership in the lucrative MA program,...
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