Bright Health Company of North Carolina will stop selling individual health plans under the Affordable care Act in North Carolina the end of this year.
Insurance Commissioner Mike Causey says the North Carolina Department of Insurance will continue to monitor the company’s activities to make sure consumers are protected.
Bright Health’s members should expect a letter informing them of its plans to leave the North Carolina market in 2023.
The insurer will continue to provide coverage and pay claims through the end of 2022. However, Bright Health members must continue to pay premiums through the end of 2022 to receive such coverage.
The Centers for Medicare and Medicaid Services will automatically move all Bright Health memberships to other companies in the North Carolina ACA market effective Jan. 1. However, during the open enrollment period of Nov. 1 through Jan. 15, members have the choice of keeping their auto-assigned plan or selecting a plan from another insurance company.
While the auto-assigned plans closely match the benefit plans consumers have with Bright Health, the cost and benefits of these plans may vary.
