- HealthPlus of Michigan and Health Alliance Plan have announced the companies have both signed a letter of intent to merge operations.
- Subject to regulatory approval, the planned effective date for the merger is Jan. 1, 2016.
- The merger will establish a company that’s one of the largest health insurers in Michigan.
"This is a win-win situation," said HAP President and CEO James Connelly in a prepared statement. "It's a win for both HealthPlus and HAP because it creates a larger, stronger, more competitive company with a solid portfolio of comprehensive products and opportunities for growth. As important, it's a win for the members of both companies because two Michigan-based non-profit companies are coming together to provide excellent coverage, care and customer service."
HealthPlus members will still have access to the same provider networks, coverage, and services. Agents, labor, and employer groups will continue to receive the same service and benefit packages, according to the joint release.