LifeWise Health Plan

LifeWise Executives Paid Handsomely Last Year

The health insurer intends to exit the Oregon market Dec. 31.

Years of pummeling losses crippled LifeWise Health Plan’s ability to remain solvent in Oregon, yet that didn’t hamper top management from earning handsome salaries in 2015, with some of its sales and account managers taking home double digit increases, according to filings with the Oregon Insuran

Lifewise Health Plan Of Oregon Decides to Exit the Oregon Market

Current Customers Will Continue to Be Served During Transition

PORTLAND, OR– LifeWise Health Plan of Oregon today announced its decision to exit the Oregon market. LifeWise Oregon will support existing customers through the duration of their current plan year, with most plans ending by December 31, 2016.

Open Enrollment Set for Nov. 1 as State Agency Targets Uninsured

The new Oregon Health Insurance Marketplace is targeting counties in northwest Oregon to get at the 116,000 people who could be buying plans on the federal exchange but remain uninsured. While some consumers may re-enroll automatically, massive price spikes at Moda Health and Lifewise may cause a massive shift in the market as consumers opt for cheaper plans at Kaiser, the Oregon Health CO-OP and Providence.

The remaining operations for the state’s insurance exchange appear to have shifted tranquilly from the wreckage of Cover Oregon over to the Department of Consumer and Business Services, with 2015 enrollment at 107,000 people -- up from 70,000 in 2014.

Rural Oregonians Paying Much Higher Premiums under the Exchange

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In particular, Malheur, Umatilla, Wheeler, Morrow and Jefferson counties are the hardest hit, while those living in Washington and Clackamas counties have the biggest advantage.

As people scramble to make the Dec. 15 deadline to sign up for healthcare.gov so they can have coverage starting Jan. 1, it’s become quite apparent that those living in rural counties are having to pay substantially more for their insurance.

Health Net President Chris Ellertson Leads with 86 Percent Salary Increase

Looking at the executive compensation among health insurance executives in 2012, John Stellmon, who retired from Regence last April, was the highest paid, earning $1.8 million, a 537% increase from 2011

April 17, 2013 – The profit margins of Oregon’s health insurance companies remained razor thin last year, but that didn’t hinder any of their top executives from taking home bigger paychecks.

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