Credit unions in Iowa and Nebraska that offered health insurance to members through a failed exchange will not experience any service interruptions, Jim Niederhauser, Iowa Credit Union League vice president of member services, told CU Times.
That's because the 46 credit unions had already transitioned to CUNA Mutual Group's new health insurance product or another provider, he said.
Not-for-profit health insurance exchange CoOportunity Health Inc., which was formed after the passage of the Affordable Care Act, was seized by the Iowa Insurance Commissioner Dec. 23 due to insufficient capital.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
