UnitedHealth Loses Two Big Retiree Health Accounts to Rivals
- Insurers are battling for share in tough market for the plans
- Medicare Advantage plans for seniors have been a growth area
The UnitedHealthcare website
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
UnitedHealth Group Inc. will lose two large customers in its retiree health-care business next year, a setback for the insurer in an increasingly competitive marketplace for senior medical benefits.
Verizon Communications Inc. will no longer offer UnitedHealth plans to retired workers in its western region starting in 2020, according to people familiar with the matter. A state-sponsored plan for some retired Alabama public employees also will drop the insurer’s coverage, according to information posted on an Alabama government website.