What Happened to Minnesota's PreferedOne?
As of January 1, 2024, PreferredOne will no longer be the plan administrator for many Minnesota employees. This change is the result of a competitive bid process where MMB (Minnesota Management and Budget) selected Blue Cross and Blue Shield of Minnesota and HealthPartners as the new plan administrators. Current PreferredOne coverage remains active until December 31, 2023. The open enrollment period, where employees can choose between Blue Cross and HealthPartners, runs from October 26 to November 15, 2023
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History and Impact of PreferredOne in Minnesota
PreferredOne has been a cornerstone in Minnesota’s health insurance landscape since its inception in 1984.
Based in Golden Valley, Minnesota, PreferredOne has offered a wide range of health plans including individual, large group, small group, Medicare, dental, and short-term coverage.
The company is particularly noted for its administrative services to employers who self-fund their health plans. With about 200,000 members under its plans, PreferredOne has established itself as a trusted provider.
The Role of PreferredOne and Its Services
PreferredOne’s offerings have included financial support, access to a comprehensive network of doctors, clinics, hospitals, urgent care, and convenience care, along with online care options.
Additional services provided by PreferredOne include a member assistance program, Rx saving solutions, and the PreferredHealth plan, which offers counseling appointments and legal and finance services.
PreferredOne’s customer service can be reached at 800-997-1750.
Acquisition by UnitedHealthcare
In August 2021, PreferredOne was acquired by UnitedHealthcare. This acquisition aimed to expand UnitedHealthcare’s footprint in Minnesota, adding nearly 250,000 members from PreferredOne’s self-funded employer plans. Despite this change, PreferredOne continued to operate under its brand, providing its members with quality healthcare services.
Conclusion
The transition from PreferredOne to new plan administrators marks a significant change for many Minnesotans. This period is an opportunity for members to reassess their healthcare needs and choose a plan that best fits their requirements. Understanding the benefits and services provided by Blue Cross and Blue Shield of Minnesota and HealthPartners will ensure a smooth transition and continued access to essential healthcare services.
Preparing for Open Enrollment
For employees currently enrolled in PreferredOne, the upcoming open enrollment period is crucial. From October 26 to November 15, 2023, employees will need to select either Blue Cross and Blue Shield of Minnesota or HealthPartners as their new plan administrator. It’s essential to review the benefits, network coverage, and services of the new plans to make an informed decision. Letters detailing the new plan options will be sent out in early to mid-October.
The Medicare Broker and MNsure
For those looking for health insurance options through MNSure, The Medicare Broker can provide assistance. As brokers for health insurance in Minnesota, The Medicare Broker can help you navigate your options and find a plan that best suits your needs. Contact The Medicare Broker with any questions you may have about your health insurance coverage and the transition from PreferredOne.
