IU Health Plans announced Monday that it had “restructured its product offerings for 2017,” according to The Indianapolis Business Journal.
The health care provider said it will no longer offer individual plans on the exchange because it needs to “adapt to new market dynamics.” Physicians Health Plan of Northern Indiana and United Healthcare withdrew earlier this year, creating an uncertainty if other insurers will also withdraw soon.
IU Health Plans has notified affected members and state insurance officials. They are advising customers to look for other coverage.
Rising costs have many major insurers have pulled out of state exchanges. Federal officials have said they are confident consumers will continue to find affordable options.