The New York State Department of Financial Services and New York’s state-based exchange have arranged for three carriers to provide emergency replacement coverage in December for consumers affected by the sudden failure of Health Republic Insurance of New York.
The carriers Fidelis Care, Excellus BlueCross BlueShield and MVP Health Care (MVP) will auto-enroll former Health Republic of New York members who do not take active steps by Nov. 30 to say what they want to do about coverage for December.
Regulators announced earlier this month that Health Republic, a nonprofit, member-owned Consumer Operated and Oriented Plan (CO-OP), would be closing Nov. 30, rather than winding its operations Dec. 31, like troubled CO-OPs in other states, because the condition of the CO-OP is worse than they had expected.
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Officials had said that they were asking carriers to give former Health Republic enrollees credit for whatever portions of their deductibles and out-of-pocket maximums they had met.
In the new announcement, officials said the carriers participating in the Health Republic backup coverage arrangement have agreed to “credit any deductible and out-of-pocket amounts that consumers have already paid through their Health Republic coverage during 2015.”
Health Republic enrollees affected by the switch will get notices about auto-enrollment for December in the third week of November, officials said.