Another nonprofit, member-owned health carrier says it will close its doors at the end of the year.
Managers of Community Health Alliance Mutual Insurance Company, a Tennessee carrier founded with $73 million in loans from the federal Consumer Operated and Oriented Plans (CO-OP) program, have received state permission to put the company in a runoff process.
The insurer will continue to pay claims filed by holders of in-force policies, but it will stop taking on new customers, and it will shut down after Dec. 31, managers say. Community Health's contracts with providers "should remain in force during the runoff," and the insurer will pay providers for claims incurred through Dec. 31, managers say.
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Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.
