---
schema_version: "secwatch.filing_event.v1"
accession: "0001801170-26-000250"
form_type: "8-K"
ticker: "CLOV"
cik: "0001801170"
company_name: "CLOVER HEALTH INVESTMENTS, CORP. /DE"
filed_at: "2026-10-08T23:13:53+00:00"
generated_at: "2026-10-12T15:21:16.789070+00:00"
event_type: "regulatory"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Clover Health PPO MA plans win 5 Stars for 2027; HMO gets 4.5 Stars, lifting payment year 2028

## Summary
- CMS awarded Clover's PPO Medicare Advantage plans 5 Stars and its HMO MA plan 4.5 Stars for 2027, which affects payment year 2028.
- Rating reflects May 27, 2026 ruling in Clover Insurance Co. v. HHS (S.D. Ga. No. 25-142), on appeal; with the 20 disputed measures included, PPO plans would have scored 4.5 Stars.
- MA membership grew ~48% year-over-year through H1 2026 to more than 157,000 members, with ~98% enrolled in wide-network PPO plans; 5 Stars permits year-round enrollment.
- HEDIS score 4.82 of 5 Stars for a third straight year, ranking #1 among non-SNP PPO plans with over 2,000 members, unchanged under either CMS methodology.
- CEO Andrew Toy Cites 'market leading plans'; MA CEO Jamie Reynoso says the higher rating lets Clover 'reinvest in even more competitive benefits' without compromising financial strength.

## SEC filing metadata
- accession: 0001801170-26-000250
- form_type: 8-K
- ticker: CLOV
- cik: 0001801170
- company_name: CLOVER HEALTH INVESTMENTS, CORP. /DE
- filed_at: 2026-10-08T23:13:53+00:00
- event_type: regulatory
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1801170/000180117026000250/0001801170-26-000250-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1801170/000180117026000250/clov-20261008.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001801170-26-000250
- JSON: https://secwatch.observer/filing/0001801170-26-000250.json
- Plain text: https://secwatch.observer/filing/0001801170-26-000250.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.