Humana is exiting Medicare Advantage plans affecting 600,000 members in 2027, with federally required non-renewal notices dated October 2.
Federal law grants a guaranteed-issue Medigap right when an MA plan exits, barring insurers from rejecting applicants or charging more for pre-existing conditions.
Before accepting any replacement Advantage plan, members should price Medigap Plan G and verify new coverage includes their doctors, drugs, and hospitals.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
A Humana (NYSE: HUM) Medicare Advantage (MA) member could open the mail in early October and discover that coverage ending December 31 will not be back next year. Humana told investors in July that targeted 2027 exits will affect approximately 600,000 members.
#plan #medicare
Federal law grants a guaranteed-issue Medigap right when an MA plan exits, barring insurers from rejecting applicants or charging more for pre-existing conditions.
Before accepting any replacement Advantage plan, members should price Medigap Plan G and verify new coverage includes their doctors, drugs, and hospitals.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
A Humana (NYSE: HUM) Medicare Advantage (MA) member could open the mail in early October and discover that coverage ending December 31 will not be back next year. Humana told investors in July that targeted 2027 exits will affect approximately 600,000 members.
#plan #medicare
2 months ago
