It was announced yesterday that Kentucky health insurance carrier, Kentucky Health Cooperative, is going out of business effective January 1, 2016. What does this mean for those 51,000 Kentuckians on a co-op plan? Well, it means they will need to find a new plan to enroll in for 2016.
A statement from the interim CEO of Kentucky Health Cooperative reads:
“It is with sadness that we announce this decision. The very difficult choice was made after much deliberation. If there were a way to avoid it and simultaneously do right by the members, providers and all others that we serve, we would do so.”
Kentucky Health Co-Op policyholders will remain insured through 2015 as long as they pay their premiums. However, to stay covered, they must re-enroll in a new healthcare plan during the Open Enrollment period, which begins Nov. 1. To maintain continuous coverage, consumers must enroll by Dec. 15th in one of the remaining carriers on the federal marketplace.
That’s our sole purpose for existing! HealthKY.com has licensed and local agents, waiting by the phone to take your call. HealthCare.gov can be very confusing and they have no responsibility to put you in the BEST plan, just in A plan. HealthKY.com takes your healthcare needs more seriously. We want to make sure that you’re in the RIGHT plan that fits your needs and your lifestyle. Call us today at (502) 385-2907 or request a call online!