Forbes October 5, 2020
The Aetna unit of CVS Health said it will expand its Medicare Advantage health plan offerings to more than 100 new counties next year in a move to compete with rivals for a fast-growing health benefits business for seniors.
Aetna, which has nearly 2.7 million subscribers in its Medicare Advantage plans, will offer individual Medicare Advantage plans in 115 new counties in 2021, bringing the total number of counties in its Medicare Advantage portfolio that includes special needs plans to 1,793. That’s up from 1,680 in 2020.
Insurers are announcing their expansions in new regions ahead of the annual open enrollment period when seniors eligible for Medicare can choose new benefits or stay with their existing plans. Such changes...
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