Green light for KPS Health Plans merger

kps_mug_28042940_ver1.0_640_480Regulators have approved KPS Health Plans’ merger into Group Health Options. 

The state Office of the Insurance Commissioner signed off on the move last fall.

The Federal Office of Personnel Management gave its blessing in December, according to a Group Health spokeswoman.

KPS Health Plans, which is based in Bremerton and owned by Seattle’s Group Health Cooperative, will fade out of existence in the coming year.

KPS’ operations are being rolled into Group Health Options, another Group Health subsidiary that offers preferred provider plans.

In an interview last month KPS President Jim Page, now a vice president with Group Health Options, said it hadn’t been determined whether a Bremerton office would be maintained after the merger.

Group Health owns the KPS building at the corner of Fourth Street and Warren Avenue. The building is listed for sale for $5.3 million.

KPS Health Plans served about 20,000 members at the end of 2015. A large majority were federal employees. Page said those members won’t see any changes to their plans in 2016, but they will have the option of using Group Health providers if they want to.

KPS has posted a FAQ and video more details for members.

You can read our December story with more background on the move here.

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