A unit of UnitedHealth Group Inc. has agreed to provide health coverage for 42,000 policyholders who have American Community Mutual Insurance Company individual medical coverage.
A transition plan agreement will give 42,000 holders of coverage from American Community, Livonia, Mich., the option of transferring their coverage to Golden Rule Insurance Company, Indianapolis, on a guaranteed coverage basis, according to officials at the Michigan Office of Financial and Insurance Regulation.
Ken Ross, the Michigan insurance commissioner, is the rehabilitator of American Community.
