Colorado Access Cuts Medicare Coverage, Workforce
Health insurance provider Colorado Access is axing Medicare coverage for the coming year, leaving about 5,500 senior and disabled customers in search of alternatives. The Denver-based nonprofit also will let go 83 employees who worked for Colorado Access Medicare and its subsidiary Access Health Colorado, chief operating officer Matt Case said. An additional 40 openings will go unfilled. Colorado Access also has drawn down administrative expenses and cut the salaries of its executive teams, he said. “While it’s never easy to exit a business and wind things down and, especially, to affect people’s jobs,” Case said. “In our case it was absolutely necessary.” The changes could save Colorado Access $20 million to $25 million next year, he said.
Source/more: Denver Post
David Wingate is an elder law attorney at the Elder Law Office of David Wingate, LLC. The elder law office services clients with powers of attorneys, living wills, Wills, Trusts, Medicaid and asset protection. The Elder Law office has locations in Frederick and Montgomery Counties, Maryland.