Premera Blue Cross Exiting Medicare Advantage Market in 2025
We announced this week that we’ll 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 under the Affordable Care Act. This shift will enable Premera to invest in innovative solutions and programs aimed at increasing access to affordable healthcare.
Watch for more information and details about our transition from Medicare Advantage in Provider News later this year.
If you receive questions from patients asking for help in selecting a new plan, share this information from the Centers for Medicare & Medicaid Services with them.
- Call Statewide Health Insurance Benefits Advisors (SHIBA) at 800-562-6900 or TTY: 360-586-0241, 8 a.m. to 5 p.m., Monday – Friday. Counselors are available to answer your questions, discuss your needs, and give you information about your options. All counseling is free.
- Call 1-800-MEDICARE (1-800-633-4227). Tell them you got a letter saying your plan isn’t going to be offered next year and you want help choosing a new plan. This toll-free help line is available 24 hours a day, 7 days a week. TTY users should call 1-877-486-2048.
- Visit Medicare.gov. Click on “Supplements & Other Insurance” for information on Medigap policies and tools that can help you find plans available in your area. Click the “Find plans” tab to compare the plans in your area.
- Review the Medicare and You handbook you received from CMS.