Centene and Ascension Health announced Monday that they’re planning to operate a Medicare Advantage plan together.
The two St. Louis-area health care companies signed a letter of intent for the joint venture, which would offer coverage to low-income seniors in select markets in 2020.
The letter is non-binding. But if the deal goes through, qualifying seniors would be able to choose between traditional Medicare or the Medicare Advantage plans, which are operated by private companies and often offer extra coverage like vision, dental and hearing.
This will be the first collaboration between Centene, the Clayton-based health insurer, and Edmundson-based Ascension, the nation’s largest nonprofit health system.
Terms of the deal were not disclosed. The joint venture would need to be approved by each company’s board.
Read more: St. Louis Post-Dispatch