Medicare Advantage Disruptions: What Seniors in Oregon Need to Know
Medicare Advantage Plans Exiting Oregon
Medicare coverage is in jeopardy as private insurers withdraw services in Oregon.
With the recent alterations stemming from the Inflation Reduction Act (IRA), many insurance providers are feeling financial pressure, leading to significant cutbacks in their offerings. Specifically, companies like Moda Health and Summit Health will cease Medicare Advantage plans, impacting over 12,000 seniors statewide. Regions such as Curry, Harney, Lake, Umatilla, and Union are likely to bear the brunt of these changes, leaving no Medicare Advantage options available.
Impact on Seniors and Healthcare Options
- Seniors in heavily affected counties must revert to traditional Medicare.
- Limited choices will persist in other areas like Coos County, where only one option remains.
- Large insurers like Regence, Aetna, and PacificSource are scaling back plans throughout Oregon, including the Portland area.
This drastic reduction in Medicare Advantage options emphasizes the shifting landscape of health care in Oregon. Seniors are strongly advised to review their health insurance needs and prepare for upcoming changes in 2025.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.