Utah Department of Insurance confirmed Humana will stop offering plans on the state's individual insurance marketplace next year, according to Desert News Utah.
Here are five things to know:
1. With Humana's exit, Utah residents will only have three payers to choose from — Molina, SelectHealth and University of Utah Health Plans.
2. While a Humana spokesperson did not comment on the move, a Utah Department of Insurance spokesperson confirmed the news, saying it is a "robust market that will not be adversely affected by Humana's decision to cease offering individual health insurance plans."
3. Nearly 9,000 residents will have to find new coverage on the federal marketplace.
4. Humana will offer coverage in the small group market, according to the Utah Department of Insurance spokesperson.
5. In 2014, Utah had six carriers with leading payers around the nation exiting Affordable Care Act exchanges to combat huge losses.
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