Citing lack of critical mass, The Principal exits group medical business

Published Updated 5 Min Read

Principal Financial Group will exit the medical insurance business (both insured and self-insured), the firm announced Sept. 30. The firm has entered into an agreement with UnitedHealthcare to renew medical insurance coverage for The Principal’s customers over the next 36 months.

The decision does not impact The Principal’s other businesses, including the firm’s retirement, asset management, life insurance, wellness, disability, dental and vision products.

John Ortman
Editor-in-Chief

A veteran with more than 22 years of experience in business-to-business publishing, Ortman previously served as Director of Publishing/Editor in Chief with Thompson Publishing Group, a Washington, … Read full bio


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