ORANGE, Calif., June 29, 2022 (GLOBE NEWSWIRE) — Alignment Healthcare (NASDAQ: ALHC), a tech-enabled Medicare Advantage company, today announced the expansion of its award-winning plans into two new states, Florida and Texas – and into additional counties within the four states where it currently operates. Pending regulatory approval from the Centers for Medicare and Medicaid Services, with these expansions, Alignment will reach an additional 1.1 million Medicare-eligible seniors, resulting in a total of 8.2 million Medicare-eligible seniors across 52 counties in six states in 2023.1 If approved, seniors will be able to choose plans in these new states and counties for the 2023 plan year during Medicare’s annual enrollment period beginning Oct. 15, 2022.
“A quarter of our nation’s seniors live in California, Florida and Texas. At a time when both the number and needs of seniors are on the rise, it is critical that we bring our model to more people and accelerate our positive impact on senior care in this country,” said John Kao, founder and CEO, Alignment Healthcare. “Too many seniors remain vulnerable without the care coordination and personalized attention they so desperately need. Putting the senior first is at the heart of our model and our growth strategy. We believe that our data-driven approach has the potential to improve the quality of our members’ lifestyle and health care experience across all geographies.”