Harvard Pilgrim Well being Care — the Massachusetts-based well being insurer that entered the Connecticut market a couple of decade in the past, hoping to win market share by touting its not-for-profit mannequin — is exiting the state’s industrial insurance coverage market, the Hartford Enterprise Journal has confirmed.
In a Tuesday e mail despatched to insurance coverage brokers and different stakeholders, Harvard Pilgrim stated its father or mother firm, Level32Well being “has made the troublesome resolution to withdraw” the corporate’s totally insured industrial merchandise, together with small group plans, from Connecticut as of Jan. 1, 2023.
Roughly 12,000 members will probably be affected by the transfer, the corporate stated.
“This resolution was not taken calmly and comes after an in depth, multi-year evaluation of the employer-based industrial market in Connecticut,” the corporate stated in an emailed assertion to HBJ Tuesday night.
Harvard Pilgrim final 12 months accomplished its merger with one other Massachusetts-based not-for-profit well being insurer, Tufts Well being Plan. The mixed group is called Level32Well being.
Level32Well being stated it’s going to shift its Connecticut focus to its Medicare Benefit enterprise by means of its current partnership with CarePartners of Connecticut, a not-for-profit firm.
CarePartners is a three way partnership between Tufts Well being Plan and Hartford HealthCare and affords Medicare Benefit plans to older adults in Connecticut.
Level32Well being stated present Harvard Pilgrim industrial prospects will proceed to have protection till their contracts finish.
Nevertheless, efficient instantly, Harvard Pilgrim will not quote and promote industrial merchandise for brand new enterprise.
Final 12 months Harvard Pilgrim relocated its Hartford headquarters to Rocky Hill.
