Portland, OR - (April 21, 2016) - LifeWise Health Plan of Oregon today announced its decision to exit the Oregon market. LifeWise Oregon will support existing customers through the duration of their current plan year, with most plans ending by December 31, 2016.
LifeWise Oregon is choosing to exit the Oregon market after careful and thorough consideration of current and projected market conditions in the state.
“Our focus is on making this transition as smooth as possible for our customers,” said Majd El-Azma, President and CEO of LifeWise Health Plan of Oregon. “We will continue to provide excellent service to our nearly 50,000 customers while they remain with us. We have the financial resources to ensure we can support our customers and meet our commitments to them during this transition,” he concluded.
“We have made considerable efforts and investments in the Oregon market that effectively served our customers. In spite of that commitment, LifeWise Oregon has experienced substantial membership and financial losses over the last ten years,” said Jeff Roe, President and CEO of LifeWise Oregon’s parent company. “As we looked ahead, given LifeWise Oregon’s relatively small size and the market conditions in Oregon, we decided to focus on our other markets, where we serve more than two million members. In those markets we are well positioned to serve our customers and make healthcare work better.”
LifeWise Oregon will remain on the individual market Exchange through the end of 2016. LifeWise Oregon’s current individual market customers will be covered through December 31, 2016.
LifeWise Oregon will stop selling new employer group coverage in the state effective immediately. LifeWise Oregon's current employer group customers will be able to retain their coverage through their current plan year, which will be in 2017 in some cases based on the group’s last renewal.
Affiliates of LifeWise Health Plan of Oregon, including LifeWise Health Plan of Washington and Vivacity, are not affected by this decision.
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