MDwise Marketplace to exit Indiana’s Health Insurance Exchange in 2018

6/21/2017
 
INDIANAPOLIS -- MDwise Marketplace announced today that it will not participate on Indiana’s Health Insurance Exchange in 2018 to focus on its growing Medicaid managed care business.
 
When MDwise entered the Marketplace Exchange in 2014, it did so to provide continuity to its Medicaid members who no longer qualify for Medicaid and are looking to purchase coverage on the Marketplace Exchange. Fewer members than expected have lost their Medicaid coverage and entered the Marketplace Exchange market.
 
MDwise’s decision to leave the Health Insurance Exchange was also influenced by the growing uncertainty over the future of the federally subsidized exchange. In 2016 alone, MDwise lost $21 million on its Health Insurance Exchange business.
 
The 30,800 members throughout Indiana who are covered by MDwise through the Health Insurance Exchange in Indiana are being notified of the decision to withdraw.
 
MDwise intends to focus on its larger Medicaid plans that cover 370,000 members in all 92 Indiana counties enrolled through two state programs, Hoosier Healthwise and the Healthy Indiana Plan. Care is delivered to MDwise’s Medicaid members through partnerships with eight leading healthcare delivery systems.
 
MDwise has a continuous 23-year history as a provider of Medicaid managed care plans in Indiana.
 
Consumers may contact MDwise at (855) 417-5615 for further information.

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About MDwise and MDwise Marketplace
MDwise and MDwise Marketplace are nonprofit health maintenance organizations focused on providing health coverage to Indiana individuals and families. Our mission is to provide access to compassionate, high quality, coordinated health care and education in the communities we serve. MDwise provides health coverage for the following Indiana Health Coverage Programs: Hoosier Healthwise and Healthy Indiana Plan. MDwise Marketplace is a Qualified Health Plan issuer in the Health Insurance Marketplace. Health coverage is currently provided through these health plans to more than 400,000 members through a broad network of primary medical providers, hospitals, specialists and other providers. For more information, visit MDwise.org