<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=302779086974399&amp;ev=PageView&amp;noscript=1"> Medicare Blog | Medicare News | Medicare Information

Medicare Blog | Medicare News | Medicare Information

5 Tips for Conducting Medicare Business Online

Posted by www.psmbrokerage.com Admin on Wed, Jul 08, 2020 @ 01:47 PM

Tags: Medicare Advantage, Bright Health

Bright Health Plans to Add Med Adv into new markets in 2021

Posted by www.psmbrokerage.com Admin on Thu, Jul 02, 2020 @ 10:46 AM

Tags: Medicare Advantage, Bright Health

Bright Health to buy California health plan, further growing its Medicare Advantage reach

Posted by www.psmbrokerage.com Admin on Mon, Jan 13, 2020 @ 05:00 PM

Tags: Medicare Advantage, Medicare, Bright Health

Bright Health is Growing in Ohio!

Posted by www.psmbrokerage.com Admin on Thu, Oct 31, 2019 @ 09:05 AM

Bright Health is Growing in Ohio!

Additional Updates:
 

Tags: Medicare Advantage, Bright Health

Bright Health To Expand Medicare Advantage To Six More States in 2020

Posted by www.psmbrokerage.com Admin on Thu, Jul 25, 2019 @ 03:16 PM

 

Bright Health is the latest health insurer to announce plans to sell private Medicare Advantage plans in several new markets, hoping seniors flock to such coverage following federal rule changes that allow plans to offer more benefits.

The startup insurer said it will add seven new markets in six states for 2020. They are: the Orlando and Daytona areas of Florida; Palm Beach, Fla.; Chicago, Illinois; Omaha, Neb.; the Cleveland and Akron area of Ohio; Greenville, South Carolina and Memphis Tennessee. Bright Health currently sells Medicare Advantage plans in six metropolitan markets: Birmingham, Ala; Phoenix, Arizona; Denver, Colo.; New York City: several Ohio cities including Cincinnati and Nashville, Tenn.

Bright Health’s expansion into new regions is the latest expansion for such plans, which contract with the federal government to provide extra benefits and services to seniors, such as disease management and nurse help hotlines with some also offering vision, dental care and wellness programs. And now insurers are rolling out more supplemental benefits in their Medicare Advantage plans following rule changes implemented.

In Bright Health’s case, the new Medicare offerings are part of a major expansion of all of its business lines that include individual coverage, “family plans,” Medicare Advantage and supplemental Medicare plans.

In all, Bright Health said it will begin selling its array of plans in 13 new markets across seven states beginning next year. “This market expansion brings Bright Health Plan’s footprint to a total of 22 markets in 12 states, building on its sizable growth last year when it added products in Arizona, New York, Ohio and Tennessee,” the company said in its announcement Wednesday.

The expansions are still subject to final regulatory approvals by state insurance departments, but executives say the expansion shows financial strength and confidence consumers and investors have in the company.

“In just four years, we’ve grown from serving consumers in our pilot market of Colorado to serving tens of thousands of members across six states,” Bright Health CEO Bob Sheehy said. “This substantial growth shows that consumers are hungry for a new healthcare model that is simple, personal and more affordable. We’ve been able to meet this demand because our Health Plan Care Partner Model allows us to scale quickly and effectively, and our significant expansion in 2020 is further validation of that.”

Source: https://www.forbes.com/sites/brucejapsen/2019/07/24/bright-health-to-expand-medicare-advantage-to-six-more-states-in-2020/#24f2596f2a82

Image: Canva

Additional Updates:
 

Tags: Medicare Advantage, Bright Health

    Join thousands of insurance agents who receive weekly news updates and original articles.

    Like Precision Senior Marketing on Facebook!





    Follow Precision Senior Marketing on Twitter!

    Most Popular Posts

    Posts by Topic

    Click for More