Nearly one million older Americans could soon lose their health insurance as private companies are cutting members off their Medicare Advantage plans.
Medicare Advantage offers a one-in-one approach, with additional coverage for dental, vision and hearing that original Medicare doesn’t provide. Medicare Advantage plans also often have low-cost or even $0 premiums.
While it might be an affordable option for seniors, it can also become a profit drain on healthcare companies offering it.
UnitedHealthcare and Humana, the two largest Medicare Advantage providers by enrollment, are ending plans for nearly one million members combined.
About 390,000 UnitedHealthcare members will be impacted by Medicare Advantage plan closures next year, a spokesperson for the healthcare company told The Independent .
Nearly one million older Americans could soon lose their health insurance as UnitedHealthcare and Humana are cutting members off their Medicare Advantage plans (Getty Images)
But “most impacted members will…