A Massachusetts man expects his monthly health insurance costs to nearly triple to $315 in 2027 after Blue Cross Blue Shield discontinued his Medicare Advantage plan, leaving him and thousands of other seniors searching for new coverage.
Here’s what to know
About 20,000 Massachusetts seniors will need replacement insurance plans as Blue Cross Blue Shield of Massachusetts scales back its Medicare Advantage offerings, according to The Boston Globe.
The insurer reported $275 million in losses on those plans across 2024 and 2025.
New applicants will have limited access to the Medicare Advantage options Blue Cross retains, with a small number of openings available on a first-come, first-served basis. The discontinued plans affect Middlesex, Essex, and Worcester counties…