Kentucky Health Cooperative going out of business; 51,000 insurance customers affected
Last edited Sat Oct 10, 2015, 02:01 PM - Edit history (1)
FRANKFORT — The largest private provider of health insurance policies on Kynect, Kentucky's health insurance exchange, is going out of business.
The Louisville-based Kentucky Health Cooperative Inc. announced Friday that it will end current memberships on Dec. 31 and will not add new members because of financial problems. It will not offer health insurance plans on Kynect when open enrollment for 2016 coverage starts on Nov. 1.
The cooperative has about 51,000 members in all 120 Kentucky counties.
Shortly after the company's announcement, Gov. Steve Beshear said Kentuckians in need of health care coverage can find other choices and possibly lower prices by shopping on Kynect during the 2016 open enrollment period. It begins Nov. 1 and runs through Jan. 31.
Read more here: http://www.kentucky.com/2015/10/09/4079682_kentucky-health-cooperative-going.html?rh=1