Prudential exits Medicare risk in some markets
Prudential exits Medicare risk in some markets
Prudential HealthCare, based in Roseland, NJ, has exited the Mediare risk business in northern and southern California, Maryland, Washington, DC, New York, New Jersey and parts of metro Jacksonville,.FL (Baker County and parts of St. John’s County), the company announced late September.The decision impacts approximately 25,000 seniors who are customers of the company’s Medicare risk product.
However, the company will remain a player in the Medicare risk market in parts of Jacksonville, Orlando, Miami, and Tampa, FL; Houston and San Antonio; and Cleveland, where it serves 100,000 members.
According to a company statement, the company decided to pull out of some markets where it could not offer a competitive Medicare risk product.
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