Blue Cross Blue Shield Ends Vermont Medicare Advantage Plans After Significant Losses
Blue Cross Blue Shield is discontinuing its Vermont Blue Advantage Medicare Advantage plans starting next year due to significant financial losses, including over $62 million lost last year driven by increased claims. Medicare Advantage plans, offered by private insurers, provide the same services as original Medicare with additional benefits such as prescription drug coverage. Approximately 30,000 Vermonters currently use these plans.