Optima Health has made a decision to discontinue its Medicare Advantage plans on December 31, 2011. Because of inadequate Federal funding and changing government policies the Medicare Advantage program is no longer viable. With the current Federal debt discussions and additional Medicare Advantage payment cuts resulting from Health Reform, we do not expect the future outlook to improve. Across the country, other insurance carriers have exited similar products.
This change does not affect our other plans or products. We continue to remain a strong and viable health insurance plan in Virginia. In fact, we continue to grow our membership in Individual, Commercial, and Medicaid across Virginia.
We are disappointed to have to make this decision.
Optima Health will work with our 14,000 members and through our brokers to transition those affected to other health plans in the marketplace. This decision allows Optima Medicare members ample time to make informed decisions. Members should begin receiving letters on Monday, September 19th, to communicate this change and provide information on their 2012 options.
View Sample Non-Renewal Medicare Member Packet