After initially submitting products on the 2017 individual market public exchange in Kentucky, Baptist Health Plan is now withdrawing those products, The State Journal reported Oct. 3.
The article said Baptist Health Plan had notified Kentucky’s insurance commissioner it would not offer coverage next year because doing so was not “economically sustainable.”
According to AIS’s PBX, Health Insurance Exchange Database, Baptist Health Plan had initially submitted on-exchange individual market products in five rating areas for 2017. PBX has removed Baptist's 2017 products from the database.
The Kentucky Department of Insurance (KDOI) released a document showing that Baptist’s departure leaves Kentucky’s individual market public exchange with just three players: Anthem, Inc., CareSource and Humana, Inc. Of these three, only Anthem offers plans state-wide, according to PBX. Aetna Inc. and UnitedHealthcare will offer off-exchange individual market plans, according to the KDOI document.
Baptist entered the individual market in 2016, enrolling 7,100 members in individual market plans, and a total of 7,230 members in on-exchange individual and SHOP plans as of first quarter 2016, according to AIS’s Directory of Health Plans.
The insurer will continue to offer large- and small-group employer plans and Medicare Advantage products, according to The State Journal.
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