Regence Blueshield To Drop Plan Used By State Workers
Seattle Times Staff: Seattle Times News Services
SEATTLE - Regence BlueShield has decided to stop selling one of its health plans to state employees and retirees.
The company says its modified Selections plan has lost $32 million over the past five years because the medical services it covers are more costly than those of other plans offered by Regence.
The Selections plan has 44,859 members who are either state employees or retirees, in addition to their dependents. Their coverage expires Dec. 31.
The plan is offered through the state's Public Employees Benefits Board, which will help Regence move members to other health plans before the first of the year.
Regence, the state's largest health insurer, decided to cut the plan after determining it would have to increase premiums by 70 percent next year to prevent another financial shortfall, a company spokesman said.
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