Medicare Advantage Plans Exit Vermont, 50,000 Enrollees Seek Alternatives

Medicare Advantage plans, offered by private insurers and providing Medicare Part C benefits including prescription drug coverage and extra benefits, are exiting the Vermont market next year. Approximately 50,000 beneficiaries must select alternative coverage by December 31, including options like Medigap and separate prescription drug plans. This market withdrawal is attributed to federal policy changes rather than state-level decisions.