Altius Health Plans Withdraws from Idaho Exchange
Idaho’s health insurance exchange, Your Health Idaho, will have one less insurer offering plans. Altius Health Plans was planning to participate in the individual health insurance marketplace in Idaho; with the companies exit, 15 fewer options will be available to individuals through the Idaho exchange. Idaho’s remaining exchange insurers will offer 61 individual health plans and 55 small group health plans. Dental plans will also be offered through the exchange, including 13 individual dental plans and 17 small group dental plans.
Altius’ parent company, Coventry, was recently acquired by Aetna. Coventry and Aetna have both withdrawn from multiple state health insurance exchanges.
According to Bloomberg Businessweek, “Anjie Coplin, a spokeswoman for Hartford, Conn.-based Aetna, said the company made the decision to exit Idaho as part of a review of ongoing strategy.”
“We are taking a measured, multi-year approach to exchanges,” Coplin said. “In 2014 we are focusing on the markets where we can be most competitive and deliver the greatest value to our customers.”
New information is being released every day. Follow this blog to receive updates as new information is released in Idaho.
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