Covered California, the state’s health insurance exchange accepted Health Net Life Insurance Co.’s bid to provide preferred provider organization health insurance policies to eligible small businesses in all 58 counties. Covered California has stated that it expects to begin enrolling beneficiaries on Oct. 1, 2013, for individual and small business coverage that it expects to become effective Jan. 1, 2014.
Health Net Life is a wholly owned subsidiary of Health Net of California, which is a wholly owned subsidiary of Health Net Inc. In May, Health Net of California and Health Net Life were approved to offer HMO and PPO health plans, respectively, in the Covered California’s individual health insurance exchange.
“Health Net is excited to be part of the Covered California small business exchange,” said Steve Sell, president of Health Net’s Western Region Health Plan. “We have been doing very well in our small business portfolio recently, and we expect our small business offerings in Covered California can provide an additional way for employers to find health insurance coverage that fits their unique needs.”
