Elevance Health is cutting some Medicare Advantage plans — affecting about 150,000 members next year — and fully exiting standalone Part D plans in 2026.
“We made the decision to exit some plans and counties where we did not see a path to attractive economic performance,” CFO Mark Kaye said at the 2025 Wells Fargo Healthcare Conference in Boston on Sept. 4. The MA pullback, part of a larger industry trend, comes as the company reaffirmed its 2025 outlook in a Sept. 4 filing with the Securities and Exchange Commission after cutting its guidance in July.
He also said the decision to leave standalone Part D plans could help Elevance allocate more resources to Medicare Advantage and dual special needs plans.
“We prioritized only plans, offerings, that can deliver a sustainable, long-term value to our shareholders and to our members,” Mr. Kaye said.
Elevance Health is among the largest healthcare insurers in the U.S., holding an estimated 14% market share, as of Q2 2025.
