Guardian Life will withdraw its medical insurance product line in all states, and will wind down its existing business over the next two years. The decision was announced in a Jan. 25 e-mail to brokers from Scott Dolfi, Guardian’s E.V.P. of Business Operations.
The carrier will drop its group medical plans, both self-funded and fully insured, as well as its prescription drug plans and individual medical coverage. The move will not impact Guardian’s non-medical product lines, according to Dolfi. These include dental, disability, life, critical illness, voluntary worksite, retirement plans and individual life and disability offerings.
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