Moda Health leaving Alaska individual health market in 2017

    JUNEAU, Alaska (AP) — One of the two companies offering individual health insurance policies for Alaskans on the federally facilitated health insurance marketplace has announced that it will be withdrawing from that market next year.

    Posted Monday, May 2nd, 2016 10:46am by Colt Dylan

    JUNEAU, Alaska (AP) — One of the two companies offering individual health insurance policies for Alaskans on the federally facilitated health insurance marketplace has announced that it will be withdrawing from that market next year.

    Monday's announcement by Moda Health would leave Premera Blue Cross Blue Shield as the only company providing individual health insurance policies in the state.

    High claim costs and a relatively small market have been ongoing concerns in Alaska.

    Lori Wing-Heier, the director of Alaska's Division of Insurance, said she learned of Moda's plans Monday morning.

    In a release, Moda's director of Alaska sales and service, Jason Gootee, said Moda decided to leave the individual market in the state to focus on other lines of business in Alaska. Those include group medical and individual and group dental plans.

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