Channel Sponsor - Coding/Billing/Collections

Sponsored by National Medical Billing Services | info@nationalASCbilling.com | (636) 273-6711

Indiana University Health Plans leaving ACA exchanges: 4 things to know

Indiana University Health Plans is leaving the ACA after eliminating individual offerings in 2017, the Indianapolis Business Journal reports. 

Here's what you should know.

1. The decision was made despite the health plan receiving approval for a 15 percent rate increase.

IU Health Plans President James Parker cited uncertainty created by other insurer withdrawals and new market dynamics as the reason behind its decision.

2. IU Health Plans is a subsidiary of the Indiana University Health hospital system. The insurer said 27,000 people were enrolled in policies through the exchanges. They will have to seek out new policies.

3. The insurer will continue to cover the 62 counties it serves outside of the exchanges. It will still offer commercial and Medicare Advantage plans.

4. Five insurers will remain in the marketplace throughout Indiana. UnitedHealthcare and the Physicians Health Plan of Northern Indiana both announced plans to leave the exchanges.

More coding, billing and collections news:
Blue Cross Blue Shield of Nebraska pulling out of ACA exchanges: 4 takeaways
Insurer New West Health Services to shut down: 3 things to know
Co-op failures adds to speculation about future of ACA: 4 things to know

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months