Forbes October 1, 2024
Bruce Japsen

Health insurance companies that are the biggest players in privatized Medicare Advantage coverage are pulling back a little bit after years expanding their geographic footprints even while they offer new benefits.

With more than half of the nation’s eligible seniors enrolled in Medicare Advantage plans, competition has been fierce offering seniors more lucrative benefits and more choices. A year ago, CVS Health’s Aetna, Cigna, Elevance Health, Humana and UnitedHealth Group expanded to scores of new counties for 2024.

But this fall, seniors will find during open enrollment that many of these plans including Aetna, Cigna, Humana and some regional insurers and startups are no longer offering Medicare Advantage in certain states and counties for the 2025 health benefit year. Health...

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Topics: Insurance, Medicare Advantage
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