Business

January 9, 2013

Firm to drop some health insurance plans, citing effects of new health care law

Everence, a financial services firm operated by the Mennonite Church USA, said this week it will discontinue two health plans in 2014.

Everence, a financial services firm operated by the Mennonite Church USA, said this week it will discontinue two health plans in 2014.

Everence, based in Goshen, Ind., said in a news release the two “small health plans” are for people younger than 65 and for small employer groups.

“Health care reform includes the creation of state exchanges that will operate as online supermarkets for buying health insurance, beginning in 2014,” the firm said in the release. “The two small Everence plans would face significant challenges if they joined the exchanges, leaving them financially unsustainable for members or Everence.”

The firm said it will continue to develop and grow other health insurance and services for older adults and large organizations.

Everence has operations in Kansas.

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