OLYMPIA, Wash. – Insurance Commissioner Mike Kreidler has ordered the insolvent Senior Health Insurance Company of Pennsylvania (SHIP) , of Pennsylvania, to immediately stop soliciting signatures from Washington’s 1,200 plus policyholders for unapproved benefit and rate changes.
SHIP’s appointed rehabilitator sent letters to policyholders in Washington and other states containing a “Coverage Election Package” that requires they choose a reduced benefit or premium increase by March 15, 2022, with an effective date as soon as April 1. Neither the premium increases nor benefits…