- Associated Press - Tuesday, May 12, 2015

DES MOINES, Iowa (AP) - One of the state’s largest health insurers, Wellmark Blue Cross & Blue Shield, has opted for the third straight year to not sell policies to Iowa residents on the federal online marketplace.

However, another large insurer, UnitedHealthcare, has announced it will begin offering plans to residents on the Healthcare.gov website, the Des Moines Register (https://dmreg.co/1Iupjm2) reports.

Coventry Health Care said residents can continue to shop for its policies on the exchange.

Insurance Commissioner Nick Gerhart said he expects a third, unidentified company to file an application this week to sell health coverage to Iowa residents. Companies must declare this week whether they’ll offer plans to residents on the federal exchange.

“It’s good news. People are going to have some choices,” he said.

Iowa has one of the lowest participation rates for residents taking advantage of Affordable Care Act subsidies in the nation, according to a Kaiser Family Foundation analysis.

The study found that just 20 percent of Iowa residents who could have qualified for premium subsidies last year used them. South Dakota residents were the second-least likely to use the subsidies.

Experts say part of the reason for the low percentage in Iowa is because of Wellmark not joining the federal marketplace.

Wellmark disclosed Monday that it wouldn’t offer policies to Iowa residents next year on the exchange, but those still interested in the company’s plans can purchase them elsewhere. However, they won’t qualify for the subsidies.

“It’s not a matter of if we will participate, it is really a matter of when,” said Laura Jackson, Wellmark’s vice president.

___

Information from: The Des Moines Register, https://www.desmoinesregister.com


Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide