Telehealth Inc. will no longer sell insurance policies with preexisting conditions, the company said on Thursday, a move aimed at ensuring the insurance companies that sell the policies comply with the health law’s requirements.
The decision comes as health insurers seek to attract new customers and reduce the amount of risk to the companies that administer the plans.
The company said it will begin offering policies that cover people with pre existing conditions starting in 2020.
It said the policy holders will be able to choose to enroll in a plan with coverage for a certain set of conditions, such as diabetes or heart disease.
Telehealth will offer health plans to those who do not meet the requirements of the law, such people who cannot afford coverage and have preexisting conditions.
The company is also exploring the possibility of selling plans in which it will pay a fee to cover a set of preexisting condition claims, which are not covered by the company.
TeleHealth said it had more than 7,000 enrollees in its health insurance portfolio, and it was adding about 5,000 new customers per year.
The announcement came as insurers seek more flexibility in how they offer health insurance to their customers.
It was the second time in a week that telehealth said it was taking a different tack.
On Monday, it announced that it would be dropping plans with a set-aside clause for people with certain conditions, including those with diabetes.
Telehealth said the change was necessary because it was not clear whether the health insurers would still provide coverage for people who meet the law’s requirement for coverage for preexisting conditions when they had preexisting medical conditions.
It said it could not guarantee that all customers would receive coverage through the change.
TeleHospitals have said they need more time to make the changes.
Telepharmaceuticals giant Johnson & Johnson has also said it may stop selling telehealth insurance plans.