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October 17, 2017

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Anthem News has No Impact on our Members

Your MEA Benefits Trust Health Insurance Is Not Impacted by Anthem’s Recent Announcement

You may have recently read, or heard on the news, that Anthem will no longer sell Individual health plans on the health insurance exchange in Maine for 2018.  Under Maine's guaranteed renewal law, existing Individual members will be able to renew their current or a very similar health plan in 2018, but these plans will be offered "off exchange" and they will not be eligible to receive financial assistance or subsidies.  It is important to note that this decision does not affect the MEA Benefits Trust health plans or those who have employer-based insurance plans. 
While steps have been taken to address the long term challenges all health plans serving the Individual market are facing, the market remains volatile.  A stable insurance market is dependent on products that create value for consumers through the broad spreading of risk and a known set of conditions upon which rates can be developed.  At this time, planning and pricing for Affordable Care Act compliant health plans has become increasingly difficult due to a shrinking and deteriorating individual market, as well as continual changes and uncertainty in federal operations, rules and guidance.
Anthem's commitment to members has always been to provide greater access to affordable, quality healthcare, and they will continue to advocate solutions that will stabilize the market.  As the marketplace continues to evolve and adjust to changing regulatory requirements and marketplace conditions, Anthem will reevaluate whether re-entry in the exchange is appropriate in the future.