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UCare will exit Medicare Advantage in 2026 due to a $504M loss, affecting 158K members and leading to 144 layoffs.
UCare, a nonprofit health plan in Minnesota and Wisconsin, will end its Medicare Advantage plans in 2026, affecting about 158,000 members, due to a $504 million loss in 2024 driven by rising costs and stagnant government payments.
The company requested mutual termination with CMS and will continue offering Medicaid, MinnesotaCare, Special Needs Plans, individual and family plans, and Medicare Supplement coverage.
To ensure financial stability, UCare will cut 9% of its workforce—about 144 jobs—marking the second round of layoffs this year.
Affected members must choose new coverage during Medicare Open Enrollment, which runs through December 7.
UCare saldrá de Medicare Advantage en 2026 debido a una pérdida de $ 504M, que afectará a 158K miembros y llevará a 144 despidos.