The American Veterinary Medical Association (AVMA) Group Health and Life Insurance Trust (GHLIT) announced in late December 2012 that after 56 years of offering medical coverage to AVMA members, it would no longer offer that coverage.
That means prior to midnight Dec. 31, 2013, approximately 17,500 GHLIT medical policyholders covering approximately 35,000 individuals must switch to another health insurance plan.
The GHLIT’s reason for discon-tinuing the health insurance portion its offerings was the compliance and reporting rules created by the new health care reform law. The GHLIT stated: “New York Life (underwriter of GHLIT’s policies) determined that it would be unable to continue to offer competitive medical insurance coverage for association plans such as the GHLIT’s. The Trust has been unable to identify any other insurance carrier to assume the GHLIT medical coverage.”
Libby Wallace, CEO of the AVMA GHLIT, said the GHLIT will continue to offer life and disability income insurance, as well as ancillary products such as dental insurance, professional overhead expense coverage and hospital indemnity coverage.
AVMA members with questions can contact the GHLIT at (800) 621-6360.