Health Care Service Corporation Launches Biggest Expansion of Medicare Advantage Plans in Company’s History
Healthcare Service Corporation (HCSC), which operates health plans in Illinois, Montana, New Mexico, Oklahoma, and Texas, announced the business is increasing its footprint in the Medicare Advantage market to serve in addition to 90 new counties, increasing access to new inclusion options for in addition to 1.1M additional Medicare-eligible people. The expansion is the business concern’s largest aid area and product growth in its record, particularly in rural and underserved areas.
HCSC’s Medicare Advantage plans grant Medicare-eligible individuals greater flexibility and choice fashionable coverage, offering enhanced benefits. Premiums can vary by geography, with some $0 premium HMO and PPO plan offerings. Medicare Advantage plans could also support additional benefits beyond usual Medicare, including (or the alternative to purchase) dental, vision, and hearing insurance at a variety of price points in a simple plan design.
Through this expansion, HCSC is concentrated beyond major city areas to specify needed access and choice to the climbing population of those aging into Medicare– plan to increase to nearly 80 heap people nationwide over the next ten years, according to the Centers for Medicare & Medicaid Services (CMS).
To make room for the expansion, HCSC significantly expanded its broad network, adding 19,000 physicians and 2,800 hospitals and other medical facilities across its five states.
HCSC is in the process of seeking all essential regulatory approvals in its targeted states for 2022. The Medicare Advantage and Prescription Drug Plan Annual Election Period (AEP) starts October 15, 2021 and ends December 7, 2021. For more information, visit www.medicare.gov.