News & Updates
SeeChange Health will be withdrawing from the California and Colorado group health insurance markets effective January 1, 2015. They are working to transfer their policyholders to another, established carrier and will announce details of this arrangement as soon as possible.
SeeChange is committed to making this transition as seamless as possible for you, your clients and their employees. SeeChange Health is working with the Departments of Insurance to protect your clients. They are confident SeeChange Health has the capital and reserves necessary to pay all eligible claims for which they are responsible. By September 15th, SeeChange Health Insurance will provide you specific information concerning your client’s options and help facilitate their transition to new coverage. Your clients will receive customized information packages and forms by the end of September. (They’re expediting this communication for groups renewing on October 1st).
Existing groups covered by SeeChange Health Insurance will be allowed to renew this coverage through December 1, 2014. Grandmothering will be available to eligible groups. However, regardless of a group’s renewal date, coverage with SeeChange Health Insurance will end at midnight, December 31, 2014.
Cases submitted to SeeChange Health Insurance for November or later effective dates will be returned to the broker or general agency submitting the applications. Groups already in underwriting or approved for September or October effective dates will be issued policies unless withdrawn by the broker or general agency prior to their initial effective date. Coverage for new sales will end at midnight, December 31, 2014.
Sales Support will be available to assist you and your clients during this transition. SeeChange Health Insurance will continue to provide customer service and claims operations during the claims run-out period through December 31, 2015.
To keep track of the latest news, processes and information on this market withdrawal, please visit www.SeeChangeHealth.com/.
SeeChange Health Insurance appreciates and thank you for your support of our efforts.
When will coverage for my current SeeChange Health Insurance clients end?
What options will they have when their SeeChange Health Insurance coverage ends?
Do my clients have to wait until January 1st to move from SeeChange Health Insurance?
My group has a 12 month rate guarantee. Will they be able to keep their coverage for the full year?
What led to SeeChange Health’s decision to withdraw from the market?
Why is SeeChange Health Insurance withdrawing from the group insurance markets?
What if my client’s employees or dependents submit claims incurred in 2014 after their coverage with SeeChange Health ends?
Does SeeChange Health Insurance have the money to cover claims?
Does this market withdrawal impact both California and Colorado?
Does this market withdrawal impact both small and large group insurance policies?
How will this impact my commissions and marketing co-op dollars?
Where can I quickly find updates on matters relating to this situation? SeeChange will post the most up-to-date information they have at www.SeeChangeHealth.com/
For questions, please contact a member of your b&p Sales Teams - 888.722.3373.