Network Health Plan and ThedaCare have agreed to work together for some clients until December 31, 2016
As might be expected, the world of health insurance changes monthly and daily! I, for one, was glad to find out today that NHP and ThedaCare have come to an agreement to continue their contract until the end of this calendar year!
This will be good for you, if you currently have a “pre-ACA” group health plan with Network Health, have a pre-ACA individual health plan or are covered under Network’s Medicare Advantage Plan.
After nearly two decades working with area Chambers, Network Health has decided not to renew their partnership. As a result of the Affordable Care Act (ACA), there are two items that directly affected NHP’s decision. One is the requirement for community rating of small group health insurance and the other is the medical loss ratio requirement (MLR).
If you were covered under a Chamber health plan, your plan or rates will not change. It’s important for businesses to know they are no longer required to renew a Chamber membership in order to maintain current Network Health insurance coverage and rates. However, as a long-term Chamber member ourselves, we believe in the value the area Chambers bring to our community and we encourage business owners to maintain their memberships.
At Hanson Benefits, we remain heavily involved with Healthcare Reform through various committees and working groups in Madison. We will keep you informed as vital information continues to be released.