PHPNI said its decision to drop individual plans will spare the insurer from millions of dollars in losses, according to The State. Four other insurers in the Fort Wayne area will sell individual products on the exchange in 2017.
The insurer will continue to offer small group plans both on and outside of the ACA exchanges.
The coverage change affects 6,000 PHPNI customers.
More articles on payer issues:
Oscar to exit 2 ACA markets
Cain Brothers: 3 core thoughts on public health exchanges
BCBS of Rhode Island reports $52M operating loss in 2016 thus far
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