Premera Blue Cross Blue Shield will no longer be offering Medicare Advantage Plans starting on January 1st of 2025.
**PLEASE USE OUR WEBSITE TO SHOP PLANS FROM OTHER COMPANIES AVAILABLE IN YOUR AREA**
According to PRNews Wire: https://www.prnewswire.com/news-releases/premera-blue-cross-exiting-medicare-advantage-market-in-2025-302264165.html
Premera Blue Cross, a leading health plan in the Pacific Northwest, announced today that it will no longer offer Medicare Advantage plans starting January 1, 2025. This strategic decision is influenced by changing market conditions, and financial pressures.
By exiting the Medicare Advantage market, Premera plans to redirect its resources toward other growing business lines, such as employer-sponsored health plans, Medicare Supplement plans, and plans offered under the Affordable Care Act. This shift will enable Premera to invest in innovative solutions and programs aimed at increasing access to affordable healthcare.
“This was an incredibly difficult decision, particularly given our position as the only local commercial health plan in Washington and our commitment to serving our community. Despite our best efforts, the challenging market and financial constraints have made the long-term success of our Medicare Advantage program unsustainable,” said Jeffrey Roe, President and CEO of Premera Blue Cross. “Through the remainder of 2024, our commitment to our Medicare Advantage members is unwavering. We’ll continue to ensure they receive the excellent service they have come to expect with Premera.”
Currently, nearly 32,000 members in 14 Washington counties have a Premera Medicare Advantage
