Bright Health Group Announces it Will Withdraw from the Individual Market in Every State, including California, at the End of 2022
SACRAMENTO, Calif. — One of the 13 health insurance companies, set to provide coverage through Covered California in 2023, announced it would be withdrawing from the state marketplace. Bright Health Group, which provides coverage through Bright HealthCare, says it will no longer provide Individual and Family Plans in Alabama, Arizona, California, Colorado, Florida, Georgia, Nebraska, North Carolina, Texas, and Tennessee in order to focus on other portions of its business.
Bright HealthCare joined Covered California at the beginning of 2022 and started offering coverage in Contra Costa County. Of Covered California’s 1.7 million enrollees, approximately 460 are enrolled in a Bright HealthCare plan. Bright HealthCare will continue to provide coverage for all of its enrollees throughout the rest of this year.
“Covered California will help these people transition into a quality plan, so that there is no gap in their coverage, and they will continue to have protection and peace of mind on Jan. 1,” said Jessica Altman, executive director of Covered California. “Everyone in the region will still have a choice and be able to enroll in a health insurance plan from either Anthem Blue Cross, Blue Shield of California or Kaiser Permanente.”
The departure of Bright HealthCare means that Covered California will have 12 insurance companies providing coverage across the state in 2023. All Californians will have two or more choices, 93 percent will be able to choose from three companies or more, and 79 percent of Californians will have four or more choices.
“The good news is that people in the region will continue to benefit from a very competitive marketplace, which puts consumers in the driver’s seat,” Altman said. “Consumers in Contra Costa County will be able to choose from three of our biggest health insurance companies, who must compete on price and quality in order to earn their business.”
Covered California will begin renewing coverage for its 1.7 million enrollees starting today. The open-enrollment period will begin on Nov. 1.
About Covered California
Covered California is the state’s health insurance marketplace, where Californians can find affordable, high-quality insurance from top insurance companies. Covered California is the only place where individuals who qualify can get financial assistance on a sliding scale to reduce premium costs. Consumers can then compare health insurance plans and choose the plan that works best for their health needs and budget. Depending on their income, some consumers may qualify for the low-cost or no-cost Medi-Cal program.
Covered California is an independent part of the state government whose job is to make the health insurance marketplace work for California’s consumers. It is overseen by a five-member board appointed by the governor and the legislature. For more information about Covered California, please visit www.CoveredCA.com.