UnitedHealth buying Medicare plan in Louisiana
UnitedHealthcare, which is the nation's largest health insurer, said Friday that it's acquiring
Financial terms of the deal were not disclosed.
"Our joining together will lead to an expanded choice of affordable plan options for
Medicare Advantage health plans are an increasingly popular option for seniors who elect to have their health insurance benefits provided through a private managed-care company.
About one-third of the 61 million people eligible for Medicare select a Medicare Advantage plan, according to a report in March from
The consulting firm's report found that
Last year, a report from the
The company said nothing will change for current subscribers this year. A
"Joining with UnitedHealthcare preserves our foundation as a local company with deep ties to
People who opt for Medicare coverage of both hospital and physician care typically receive those benefits through the traditional government program or a Medicare Advantage plan.
Many of those in original Medicare opt for supplemental coverage that's sometimes described as a "Medigap" plan.
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