Short Term Product Sales Discontinued in Indianapolis Effective April 1

“At Anthem Blue Cross and Blue Shield, we strive to provide the best coverage to our members, offering both stability and affordability through our individual health coverage plans.   We have made the strategic decision to discontinue the sale of short-term individual health insurance policies in Indianapolis effective April 1, 2011, as current premium rates are insufficient to adequately cover claims and other costs. ”

This news is not all that surprising. There has been major concerns with the carriers staying in the Individual markets because of the health care reform. The short term policy has become an option for a lot of people because of the reduced cost.

As we move forward through 2011 and it will be interesting to see if any other companies will also pull out of the short term market. With the Medical Loss Ratio there is a real fear of carriers pulling out of the individual health market all together.