1 million older Americans could soon lose health insurance - here is who is at risk
Key Points:
- Nearly one million older Americans will lose their Medicare Advantage plans as UnitedHealthcare and Humana, the two largest providers, are ending coverage for about 390,000 and 600,000 members respectively in 2027.
- Medicare Advantage offers additional benefits like dental, vision, and hearing coverage, often at low or zero premiums, but can be financially burdensome for insurers.
- UnitedHealthcare stated most affected members will have access to alternative Medicare Advantage plans and will receive personalized support to navigate their options.
- The plan closures coincide with the Medicare open enrollment period for 2027, which runs until December 7, during which eligible individuals can select or change their healthcare coverage.
- Rising healthcare costs remain a major concern for Americans, with many worried about affordability, as highlighted by a recent KFF poll and personal accounts from those struggling to maintain coverage.