Land of Lincoln, Illinois’s Consumer Operated and Oriented Plan (CO-OP), has stopped offering its small group policies on the state’s federal-partnership exchange, the health plan told AIS, confirming a Chicago Tribune article explaining the decision.
Current small business customers will be able to renew their plans for 2016, but the CO-OP is not enrolling new employers, as a means of limiting growth in the wake of the reduction of promised risk-corridor reimbursement that plagued so many other CO-OPs, according to the Tribune article.
The CO-OP has grown from about 3,400 members a year ago to 52,200 as of the third quarter of 2015, with 11,500 members in the small-group sector.
AIS is removing all relevant records from the databases affected by this decision.
© 2015 by Atlantic Information Services, Inc.