Health Insurance Blog

According to Angela Gonzales in the Phoenix Business Journal, LifeWise Health Plan has decided to exit the Arizona health insurance market. The insurer stated that the plan did not have enough enrollees to turn a profit. LifeWise launched its Arizona plans in 2004.

Fortunately, policyholders won’t have to worry about having developed conditions that would prevent them from finding affordable individual health insurance on the open market. Blue Cross Blue Shield of Arizona has agreed to take all former LifeWise customers that were previously healthy and offer them a plan of similar coverage and cost, even if they developed a health condition after buying the initial policy. In order to take advantage of this offer, employer-sp, Angela onsored health insurance groups must switch to BCBSAZ plans by May; individuals have until September to make the switch.

About 16,000 Arizona policyholders in total will be affected by this closure, Angela claims.

This entry was posted on Thursday, February 26th, 2009 at 2:18 pm and is filed under arizona health insurance, employer sponsored health plan, individual health insurance, pre-existing conditions. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.