Four of the state’s largest insurance companies – Aetna, United Healthcare, Anthem and Medical Mutual of Ohio – have stepped in to offer continuous health insurance to nearly 90 people after their insurer, Nationwide Health Insurance, transitioned out of Ohio’s health insurance market effective Jan. 1, 2009.
A couple of years ago, Nationwide Health Insurance made a decision to stop writing new health insurance policies and transition out of Ohio’s health insurance market. Since then, it has helped most of its subscribers get coverage with other companies. Nonetheless, a total of 86 people were unable to secure other coverage and that’s when the other insurers offered to help.
The individuals, who are paying for the coverage at market rates, have been assigned to plans based on the person’s zip code and a company’s network presence. No one was required to purchase coverage.
The decision of Nationwide to transition out of the health insurance market was part of a plan to focus on health and wellness programs for employers.
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