In unexpected news, Bright Healthcare announced on October 11th that they would no longer offer Individual and Family Plans after plan year 2022 and will also no longer offer Medicare Advantage products outside of California and Florida. The announcement is sure to surprise current policyholders.
Here’s the full announcement:
“After plan year 2022, Bright HealthCare will no longer offer Individual and Family Plans, and will also no longer offer Medicare Advantage products outside of California and Florida. Bright HealthCare is in ongoing discussions regarding potential continued offering of Bright Health’s Individual and Family Plans in California and its PEAK health plan in Colorado.
Written notifications have been or will be sent to all impacted Individual and Family Plan members in the near future so they can select a new plan during the open enrollment period (OEP) that runs from November 1 to December 15, 2022 to ensure a January 1, 2023 effective date.
Written notifications dated October 2, 2022 were sent to impacted Medicare Advantage members so they can select a new plan during the annual enrollment period (AEP) that runs from October 15 to December 7, 2022.”
Additional information on the announcement can be found here.
Although Bright did not have a significant presence in Tennessee, there are still policyholders affected. If you were a Bright policyholder and need help with an alternate plan, please reach out to us. As agents, we represent most major carriers and can help you make a decision that is best for your needs.