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January 16, 2020 at 01:54 AM
UnitedHealth Group Inc. posted great Medicare Advantage plans sales in the fourth quarter of 2019, company executives said Wednesday.
The executives held the call to go over the company’s fourth-quarter earnings.
David Wichmann, UnitedHealth’s chief executive officer, described the company’s Medicare Advantage annual enrollment period results as the company’s “strongest ever.”
(Related: Commercial Health Insurance Gains at UnitedHealth)
The Medicare Advantage annual enrollment period lasts from Nov. 1 through Dec. 7 each year.
At the Medicare Advantage plans, “we expect to serve nearly 700,000 more people in 2020,” Wichmann said.
Wichmann did not say how many people now UnitedHealth Medicare plan coverage. In the first quarter of 2019, the company had about 5.2 million Medicare Advantage plan enrollees.
The Medicare Advantage enrollment growth figure includes people who have group Medicare Advantage plan coverage and people who are eligible for both Medicare and Medicaid, in addition to people with ordinary individual Medicare Advantage plan coverage.
