UnitedHealth Group Inc.’s UNH business, UnitedHealthcare, recently unveiled Medicare Advantage and prescription drug plans for the next year. The health care provider boasts a strong Medicare Advantage network across the United States, wherein it provides coverage to more than 6.5 million people under the UnitedHealthcare Medicare Advantage plans. Shares of UnitedHealth Group lost 0.3% on Oct 2, replicating the declines in the broader markets.
The company’s 2021 Medicare Advantage plans will be backed by certain enhanced features. This is likely to enable UnitedHealth Group to undergo the largest footprint extension across the United States in the past five years. Also, with the enhanced health plans, the firm intends to expand its presence across nearly 300 counties, thereby catering to an additional 3.2 million customers. During the course of Medicare Annual Enrollment from Oct 15 to Dec 7, the company’s members can modify their Medicare coverage.