State Farm Pulling All Health Plans? (IA)

Sep 9, 2015

  1. g717
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    g717 New Member

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    Boss just said they are Non-renewing all policies!

    I haven't found anything in the news at all.
     
    Last edited: Sep 9, 2015
    g717, Sep 9, 2015
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  2. sman
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    sman Guru

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    Which health plans? I know in the past State Farm partnered with Fortis/Time/Assurant. If that's the case, then yes, Assurant is closing out it's health business (unless they somehow sell it soon). Here is Assurant's press release:

    Assurant to Exit Health Insurance Market to Support Strategic Focus on Housing and Lifestyle Specialty Protection Products and Services
     
    sman, Sep 9, 2015
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  3. Tkruger
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    Sman is right.

    However I heard through the grapevine that they were planning on working with another carrier. I cannot remember exactly who as it doesn't directly involve our agency...but there was talks of another carrier.
     
    Tkruger, Sep 9, 2015
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  4. sman
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    I recall that as well. Is it Blue Cross?
     
    sman, Sep 9, 2015
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  5. kgmom219
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    kgmom219 What's Next?

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    SF had a deal with HCSC in the their states. (TX, OK, IL, NM, Montana). I just asked a buddy of mine in TX and he said the info they are getting is very confusing and the agents don't know if they are selling health or not this year.

    They might want to figure that out pretty soon.
     
  6. MaroonNWhite
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    MaroonNWhite New Member

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    As far as Missouri goes, they will be selling BCBS. I know they already write them in Illinois. This is what I have heard from my interactions with some SF agents.
     
  7. somarco
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    somarco GA Medicare Expert

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    Why? Is something happening in the near future?
     
    somarco, Sep 10, 2015
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  8. sman
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    Yes, rates are increasing drastically and agents may or may not ever be able to get certified.
     
    sman, Sep 10, 2015
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  9. Tkruger
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    I think somarco was referring to Nov 1st.:goofy:
     
    Tkruger, Sep 10, 2015
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  10. somarco
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    somarco GA Medicare Expert

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    Election time again. How time flies.
     
    somarco, Sep 10, 2015
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