Iowa could have no insurers selling on exchanges for 2018
Medica last week said it may pull out from Iowa’s individual insurance marketplace, potentially leaving no alternative insurance option for most residents on the exchanges next year.
The Minnetonka, Minn.-based insurer, which offers exchange plans for 12,645 members in Iowa, has a relatively small presence in the market but the recent exits of other big insurers—Aetna and Wellmark Blue Cross and Blue Shield—makes Medica just one of two insurers selling plans on the exchanges for 2018.
In a statement, Medica said its ability to offer marketplace plans in Iowa “is in question at this point” given the uncertainty in the state’s exchanges.
Medica and Gundersen Health Plan are the only two health plans expected to sell individual health plans on the exchanges next year. But Gundersen, which offers plans in just four Iowa counties, is also weighing whether or not to offer plans for next year.
If both insurers exit, about 51,600 people enrolled in Iowa’s insurance marketplace would have no insurance option next year.