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Wednesday, September 22, 2021

CMS Approves Clover Health's Expansion Plans for 2022

 Expansion marks Clover’s entry into Alabama and nearly doubles company’s geographic footprint based on number of counties

Clover Health (Nasdaq: CLOV) (“Clover”), a technology company committed to improving health equity for America’s underserved seniors, announces that the Centers for Medicare and Medicaid Services (CMS) has approved the company’s service area expansion to operate in 101 new counties.

With this approved service area expansion beginning January 1, 2022, Clover’s Medicare Advantage (MA) plans will be available to eligible individuals in 101 new counties across Georgia, New Jersey, South Carolina, Texas, and Alabama – a new state for the company. This will bring Clover’s total coverage area for its Medicare Advantage plans to 209 counties across nine states. Individuals eligible for Medicare in any of the 209 counties can sign up for Clover’s plans during the Annual Election Period, which runs from October 15 to December 7.

“With CMS’ approval of our significant expansion efforts, we will be bringing affordable, wide network plans to additional previously underserved communities, which we believe is the key to achieving health equity for America’s aging population. Nearly doubling our service counties in one year demonstrates the differentiated scalability of our approach as compared to certain other plans which are constrained to narrow service areas orbiting specific providers,” said Andrew Toy, President of Clover.

The list of new 2022 counties includes:

Alabama

Chambers, Cherokee, Clay, Cleburne, Macon, Randolph, Russell

Georgia

Baker, Banks, Barrow, Berrien, Brantley, Brooks, Burke, Calhoun, Camden, Carroll, Catoosa, Chattahoochee, Chattooga, Clarke, Clay, Colquitt, Columbia, Cook, Coweta, Crisp, Dade, Decatur, Dougherty, Echols, Elbert, Fannin, Fayette, Franklin, Gilmer, Glascock, Grady, Greene, Habersham, Hall, Hancock, Haralson, Harris, Hart, Jackson, Jefferson, Laurens, Lee, Lincoln, Lumpkin, Madison, Marion, McDuffie, Miller, Mitchell, Morgan, Murray, Muscogee, Newton, Oconee, Oglethorpe, Pierce, Putnam, Quitman, Rabun, Randolph, Richmond, Schley, Spalding, Stephens, Stewart, Sumter, Talbot, Taliaferro, Terrell, Thomas, Tift, Troup, Walton, Warren, Webster, White, Wilkes, Worth

New Jersey

Cape May, Sussex

South Carolina

Aiken, Bamberg, Barnwell, Edgefield, McCormick, Calhoun, Orangeburg, Saluda

Texas

Comal, Guadalupe, Wilson, Atascosa, Medina, Bandera


https://finance.yahoo.com/news/cms-approves-clover-healths-expansion-130000334.html


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