TDCI: UnitedHealthcare Announces Withdrawal from FFM

united-healthcare-logoWithdrawal Takes Effect Jan. 1, 2017 

NASHVILLE – The Tennessee Department of Commerce & Insurance (TDCI) is notifying consumers that UnitedHealthcare Insurance Company will no longer offer coverage to Tennessee consumers through the Federally Facilitated Marketplace (FFM).

The company recently notified the Department about its intent. Today, the company said they plan to only offer coverage in a handful of states next year. UnitedHealthcare is currently the only insurer that has notified the Department of plans to withdraw from the exchange. The change, which will affect around 15.5 percent of Tennessee’s total covered lives (40,879), takes effect Jan. 1, 2017.

“We’re disappointed about UnitedHealthcare’s decision to withdraw from the marketplace after joining last fall because of how the departure will impact consumers,” said TDCI Commissioner Julie Mix McPeak. “However, we understand that the company’s decision to withdraw is a business decision. The decision seems more national in scope than Tennessee-specific as the company has less than four months’ experience with Tennessee’s exchange marketplace. Thankfully, we have companies with strong ties to Tennessee still offering products across the state, both on the marketplace and off.”

Consumers who purchased UnitedHealthcare through the exchange last year must switch to another insurer to continue their coverage when the next Open Enrollment period begins Nov. 1.

UnitedHealthcare must give notice at least 180 days before the termination of its coverage.

About the Tennessee Department of Commerce & Insurance: TDCI is charged with protecting the interests of consumers while providing fair, efficient oversight and a level field of competition for a broad array of industries and professionals doing business in Tennessee. Our divisions include the Athletic Commission, Consumer Affairs, Tennessee Corrections Institute, Emergency Communications Board, Fire Prevention, Insurance, Tennessee Law Enforcement Training Academy, Peace Officers Standards and Training, Regulatory Boards, Securities, and TennCare Oversight.

To check a license of a professional regulated by the Department, go to http://verify.tn.gov/.

About Brad Jones

Brad is the Owner/Operator of BBB TV 12, and has been with the company since August of 1996. Brad is a 1987 graduate of Coalfield High School and a 1995 graduate of the University of Tennessee College of Communications. He won the 1995 broadcast production student of the year award. Brad worked at Shop at Home, Inc. a home shopping network that was located in Knoxville, TN from 1993 - 1995 and then at Via TV (RSTV, Inc.) from 1995 - 1996. After some freelance work in Nashville, Brad joined the BBB Communications staff in August of 1996. A short stint at WVLT TV as a news photographer was in 2001, but he continued to work at BBB TV as well. Brad is married to Nicole Jenkins Jones, a 1990 graduate of Oak Ridge High School, who works at Oak Ridge Gastroenterology and Associates in Oak Ridge. They have 3 kids, Trevor Bogard, 27, Chandler 22, and Naomi 13. On December 12, 2013 they welcomed their first grandchild, Carter Ryan Bogard. Brad is also the assistant boys basketball coach at Coalfield High School for the past 11 years. In 2013-14 the Yellow Jackets won their first district title since 1991 and just the 4th in school history.

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