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Navigating Medicare: Essential Tips for Choosing the Right Plan
Read full article: Navigating Medicare: Essential Tips for Choosing the Right PlanChoosing a Medicare plan is a pivotal decision that impacts both your health and financial well-being. Each year, from October 15 to December 7, individuals have the opportunity to review and adjust their coverage for the upcoming year during the Medicare Annual Enrollment Period. Taking advantage of this time is essential, especially if your health situation, current plan, or budget has changed.
Medicare Advantage shopping season arrives with a dose of confusion and some political implications
Read full article: Medicare Advantage shopping season arrives with a dose of confusion and some political implicationsThinner benefits and coverage changes await many older Americans shopping for health insurance this fall.
CVS Health chops 2024 forecast as cost struggles with Medicare Advantage persist
Read full article: CVS Health chops 2024 forecast as cost struggles with Medicare Advantage persistCVS Health missed first-quarter expectations and chopped its 2024 outlook more than a dollar below Wall Street’s forecast.
CVS Health grows more cautious about 2024 as it deals with rising Medicare Advantage costs
Read full article: CVS Health grows more cautious about 2024 as it deals with rising Medicare Advantage costsBusy Medicare Advantage businesses have CVS Health and other insurance providers spooked about the new year.
Humana warns that rising care costs will persist through 2024, surprises Wall Street with forecast
Read full article: Humana warns that rising care costs will persist through 2024, surprises Wall Street with forecastHumana still doesn’t know why more people were admitted for short hospital stays than it expected late last year, and that is casting a shadow over health insurers early in 2024.
Late-year spike in medical costs forces Humana to scale back profit expectations for 2023
Read full article: Late-year spike in medical costs forces Humana to scale back profit expectations for 2023Shares of Humana are tumbling after the health insurer said it was still dealing with higher-than-expected care costs from its Medicare Advantage customers and it chopped earnings expectations.
UnitedHealth shares rally as health care giant beats 2Q forecasts, eases care use concerns
Read full article: UnitedHealth shares rally as health care giant beats 2Q forecasts, eases care use concernsUnitedHealth beat second-quarter expectations as an acquisition and more Medicare Advantage customers fueled revenue growth that balanced a jump in care use.
Feds expect to collect $4.7B in insurance fraud penalties
Read full article: Feds expect to collect $4.7B in insurance fraud penaltiesThe Biden administration is estimating that it could collect as much as $4.7 billion from insurance companies with newer and tougher penalties for submitting improper charges on the taxpayers’ tab for Medicare Advantage care.
Biden administration proposes crackdown on scam Medicare ads
Read full article: Biden administration proposes crackdown on scam Medicare adsThe Biden administration has proposed a ban on misleading ads for Medicare Advantage plans that have targeted older Americans and, in some cases, convinced them to sign up for plans that don’t cover their doctors or prescriptions.
Medicare enrollees warned about deceptive marketing schemes
Read full article: Medicare enrollees warned about deceptive marketing schemesWith Medicare’s open enrollment underway, health experts are warning older adults about an uptick in misleading marketing tactics that might lead some to sign up for Medicare Advantage plans that don’t cover their doctors or prescriptions and drive up their out-of-pocket costs.
UnitedHealth tops Q1 forecasts, raises 2022 outlook
Read full article: UnitedHealth tops Q1 forecasts, raises 2022 outlookUnitedHealth Group delivered a better-than-expected first quarter and raised its 2022 forecast, as growth in Medicare Advantage coverage and care delivery once again helped the health care giant.
New Medicare Advantage plans raise plenty of questions. Here are a bunch of answers.
Read full article: New Medicare Advantage plans raise plenty of questions. Here are a bunch of answers.Since plans and benefits change every year -- and there are so many options -- it makes sense to know what’s out there and what to look for.
Insurer Humana moves deeper into home care with $5.7B deal
Read full article: Insurer Humana moves deeper into home care with $5.7B dealHumana is spending $5.7 billion to jump deeper into delivering care at home, a trend that took off during the pandemic and one the health insurer expects will continue to grow.
Houston Methodist and UnitedHealthcare back in-network after finalizing an agreement
Read full article: Houston Methodist and UnitedHealthcare back in-network after finalizing an agreementHOUSTON – Houston Methodist and UnitedHealthcare finalized an agreement that will ensure UnitedHealthcare members enrolled in employer-sponsored, individual and Medicare Advantage plans will continue to receive care at Houston Methodist hospitals and its physicians. The new agreement is effective June 1, meaning UnitedHealthcare members are currently in-network with all Houston Methodist hospitals and facilities. BACKGROUND: 100,000 patients could lose access to doctors at Houston Methodist hospitals due to insurance company’s contract dispute“Our top priority throughout this process was ensuring the more than 1 million members we’re honored to serve in Houston have access to quality, affordable health care, and this new agreement accomplishes that goal. We appreciate Houston Methodist’s collaboration in helping achieve this outcome,” UnitedHealthcare wrote on its website. “We are honored to continue supporting the more than 3.9 million people throughout Texas who depend on us for access to quality and affordable health care.”The previous contract expired on Jan. 1 and hundreds of thousands of people were left scrambling to find new doctors as a result of the dispute between the insurance company and the hospital system.