A spokesman for Moda Health says it doesn’t make sense for the company to continue to extend health insurance policies that are not in compliance with the federal health care overhaul.
Jonathan Nicholas says the company will not extend past this year such policies in Alaska, Oregon and Washington. The company offers policies on insurance exchanges in all three states.
President Barack Obama last year announced that insurers could extend through 2014 plans that otherwise would have been canceled, a timeline that was later extended.
The other insurer on Alaska’s exchange, Premera Blue Cross Blue Shield, plans to extend the older plans through 2016.
Nicholas says allowing for older policies to be extended created a divided risk pool. He says Moda has chosen to focus on one risk pool.
