Guardian Withdraws From Health Insurance Market

Guardian Life Insurance Company of America is pulling out of the health insurance market, transferring about 50,000 policies over to UnitedHealth. "As a smaller, niche medical carrier, Guardian is not able to effectively compete with larger, national carriers," Guardian wrote. "Our medical enrollment has steadily declined over the years, leaving us with less than 0.1 percent total medical market share." The decision was not a reaction to the health reform law, Guardian spokesman Richard Jones says in an interview. "This is not a new action," he says. "It’s been taking place over the course of several years," noting that the insurer has systematically scaled back its medical insurance offerings from about 200,000 enrollees in 2003, down to half that in 2007, and half again today. Policies will be phased out over the coming two years. The carrier’s notice is attached.

Kevin Wrege

Founder & President

Pulse Issues & Advocacy LLC

Office: 202-625-1787

Mobile: 202-253-4929

4410 Massachusetts Ave., NW, #150

Washington, DC 20016

Guardian Withdrawal.pdf

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