Insurer Health Republic Ordered To Stop Writing Policies

Insurer Health Republic Ordered To Stop Writing Policies

HealthRepublic.org

ALBANY, N.Y. (AP) — New York authorities have ordered insurer Health Republic to stop writing new policies and wind down business after existing policies expire.

The Department of Financial Services says current individual coverage should continue through Dec. 31.

DFS and the state Health Department say existing small group plans also remain in effect, and they will evaluate how to proceed with those based on Health Republic's ongoing financial results.

They say medical providers are required by contracts to keep seeing Health Republic's 209,000 insurance customers.

Health Republic says it will keep processing all claims through the end of the year. There is more information on the organization's website.

Another 16 insurers are expected to offer coverage next year on New York's Health Exchange, where Health Republic coverage was an option.

The nonprofit cooperative opened in October 2013.

Michelle Faust/WXXI News

»