This video informs Medicare Advantage plan holders about significant changes happening in 2026, where many plans are being eliminated. It explains why these changes are occurring, primarily due to rising healthcare costs and insurance companies' financial losses. The video then outlines the options available to those affected, focusing on choosing a new Advantage plan or transitioning to a Medicare Supplement (Medigap) plan, and highlights crucial deadlines and considerations for making these changes.
The video states that many insurance companies are eliminating certain Medicare Advantage plans for 2026. This includes hundreds of plans nationwide. United Health Group, for example, is exiting plans that serve over 600,000 members, primarily focusing on less managed products like PPO offerings. While HMO plans will also be affected, the speaker notes a particular focus on reducing PPO offerings by United. The video emphasizes that this is not an isolated event but a trend occurring across many different insurance companies.
The video doesn't list specific plan names or numbers that are being eliminated. Instead, it explains that numerous types of Medicare Advantage plans are affected. It mentions that:
The key takeaway is that it's a broad elimination across various plans and companies, rather than a specific, named list.
