Arise Health Plan, a subsidiary of WPS Health Solutions, said Thursday that it will not sell health plans on the marketplaces set up through the Affordable Care Act next year, becoming the latest company to abandon the market.
Arise and WPS Health Insurance also will sell only high-deductible health plans for individuals and their families off the marketplace, and those plans will be available only in a limited number of counties.
The two health insurers will renew so-called transitional plans – health plans sold before 2014 that don’t comply with the regulations imposed by the Affordable Care Act – through next year.
For now, the marketplace for Milwaukee County next year will have four companies offering health plans: Molina Healthcare; Network Health Plan, owned by Ascension Wisconsin and Froedtert Health; Common Ground Healthcare Cooperative; and Children’s Community Health Plan.
Waukesha County tentatively will have those companies as well as Anthem Blue Cross and Blue Shield in Wisconsin and Dean Health Plan.
The two counties – and others in Wisconsin – are in a better position than many throughout the country. Roughly a third of the counties are expected to have only one company offering health plans on their marketplaces as insurers have pulled out after incurring large losses.