CO-OP Evergreen to Leave Individual Market for 2017

Evergreen Health Cooperative Inc. — a Maryland-based Consumer Operated and Oriented Plan (CO-OP) — will not issue or renew individual policies for the 2017 plan year, the Maryland Insurance Administration (MIA) announced Dec. 8. Evergreen had previously offered individual-market plans on Maryland’s state-based exchange.

Since October, the insurer has been working to become a for-profit health insurer to avoid shutting its doors. Evergreen has about 38,000 members, most of whom enrolled through a small employer.

About 8,000 Evergreen members purchased coverage through Maryland’s public exchange. Evergreen received $65 million in low-interest federal loans to get up and running. Evergreen will be allowed to continue to operate in the small and large group insurance markets in January, and customers enrolled in those plans will not be affected.

AIS is removing Evergreen’s individual-market plans from all relevant databases.

Click here for MIA's announcement.

Adapted from the 12/12/16 issue of AIS’s Health Plan Week.

Published by AIS Health
© 2016 Managed Markets Insight & Technology, LLC. All Rights Reserved.