Oregon is losing yet another health insurance carrier. Lifewise Health Plan of Oregon, citing mounting losses in the state, says it will cease doing business in Oregon by the end of 2016. At one time, Lifewise was one of the largest insurance carriers in the state. It had over 163,000 members in 2004. This figure has since dropped to 50,000 client on individual and group plans in Oregon. The company’s customer base in Oregon represents 2% of the total market, according to the state.
Lifewise Health Plan of Oregon will support existing customers through the duration of their current plan year. The carrier encourages employers to work with their groups. This is to seek new coverage through another health insurance carriers in Oregon at their anniversary date. Lifewise Health Plan of Oregon will continue to operate in Washington and Alaska.
The decision to pull out of Oregon impacts all lines and products, including individual Medicare supplement, and self- funded and fully insured groups.
Insurance Marketplace Certified Agents with Health Plans In Oregon are already gearing up to help all Lifewise Health Plan of Oregon individual and group policyholders to secure replacement coverage with more than a dozen health insurance carriers in Oregon who continue to do business in Oregon. Health Plans In Oregon can be reach at 503-928-6918. We have available certified agents willing to help Oregonians with any questions in regards to Health Insurance Marketplace plans and dental plans in Oregon.
