Effective immediately, Health Net will not be quoting any more new business for small and large business health plans.
Health Net stated in a letter to brokers:
We want you to know that Health Net will honor all current group contracts and continue to provide high quality service to our members. Employer groups and members will experience no disruption to their existing coverage for the remainder of their plan coverage. Group coverage will be set to expire upon the end of the group’s plan year.
Health Net noted in the letter to brokers, the company will remain fully committed to the Ambetter and Allwell products in Arizona, focusing on the Health Insurance Marketplace, Medicare and Medicaid in Arizona.
Breaking news reported by The Phoenix Business Journal.