Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Health Insurance

N.Y. broker group studying CO-OP failure effects

Your article was successfully shared with the contacts you provided.

The New York State Association of Health Underwriters (NYSAHU) says it’s conducting a survey to find out what agents, brokers and consultants think about the effects of the Health Republic Insurance of New York failure.

More than 200,000 enrollees had to scramble to get replacement coverage for December when regulators decided to make the nonprofit, member-owned health insurer shut down on Nov. 30.

The insurer was created with startup funding from the Patient Protection and Affordable Care Act (PPACA) Consumer Operated and Oriented Plan (CO-OP) program.

NYSAHU, an affiliate of the National Association of Health Underwriters (NAHU), says it’s sending a survey form to all of its own members, and to all licensed life and health professions in New York City, on Long Island, and in Westchester County.

The group is asking survey participants to tell it how many of their clients had Health Republic coverage; how much compensation the insurer still owes them; and if they have any other comments about the situation that they’d like to share.

NYSAHU has about 600 members.

See also: Michigan CO-OP describes agent comp payment restrictions

Check us out on Facebook and Like us!


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.