INDIANAPOLIS, Ind. — Indiana University Health has announced plans to drop out of the Health Insurance Marketplace. Officials say due to “heightened financial uncertainty” of the Affordable Care Act in Indiana, policies will not be available in 2017. Policy holders have been advised to look for alternate coverage for next year.
IU Health Plans president, James Parker says, the uncertainty is associated with risk adjustment and the way the federal government assigns payouts. “The changes are necessary to adapt to new market dynamics and potential federal responses to withdrawals by many companies nationally from the federally facilitated Marketplace,” said Parker.
Individual plans that include IU Health providers will be available on the marketplace in 2017 through CareSource and MDwise. In the 62 counties served by the company, individual products, commercial plans and Medicare Advantage plans will be available.