Home / Business and Economy / UCare Cuts Medigap: 2,500 Seniors at Risk Next Month
UCare Cuts Medigap: 2,500 Seniors at Risk Next Month
19 Dec
Summary
- Over 2,000 Medicare Supplement policyholders may lose coverage.
- UCare is exiting Medigap plans, citing out-of-pocket cost avoidance.
- Affected seniors need to secure new coverage rapidly before January.
More than 2,000 individuals holding Medicare Supplement policies from UCare are at risk of losing their coverage as the company terminates its Medigap offerings. This decision affects around 2,500 policyholders, who were reportedly assured their coverage would transition seamlessly to another insurer in 2026.
The insurer's move is aimed at avoiding the financial burden of out-of-pocket expenses tied to Medigap policies. This situation creates an urgent need for affected seniors to secure new coverage before January 1, 2026, to prevent potential healthcare cost shortfalls.
Experts suggest that affected individuals should act swiftly, retain documents proving loss of coverage, and consult with knowledgeable insurance agents. The Minnesota Department of Commerce is assisting, encouraging members with concerns to file complaints and work towards enrollment in new plans by March 4, 2026.
