If you live in or around Nebraska, you’ll know that the insurance world has been a veritable roller coaster of ups and downs over the past year. First we had the split between Blue Cross Blue Shield and Catholic Health Initiatives, a division that came almost out of nowhere and rocked citizens in Nebraska and the surrounding states. The result of the split was thousands of customers left with the difficult decision of switching to a new insurance provider in order to receive care from their regular doctor/center, or finding new locations for their medical exams and procedures that would accept their current insurance. Neither of these choices was an easy one.
It’s taken months to recover from the BCBS/CHI split, and many are still feeling the whiplash. To add to the mayhem, recently the Iowa Insurance Division was forced to take over CoOportunity Health, a nonprofit health insurance cooperative for the Nebraska and Iowa areas created as a result of the Affordable Care Act to provide insurance for citizens.
COH had been widely successful in the area, with over 113,000 customers signing up in just two years. A lack of financial support from the federal Centers for Medicare and Medicaid Services, however, meant that COH didn’t have the appropriate finances to service their customers, resulting in it’s takeover by the Iowa Insurance Division. The cooperative struggled because the income they received from insurance premiums and operating funds from CMS simply weren’t enough to cover the medical insurance claims of their customers.
Unfortunately for many Nebraska and Iowa citizens, this means yet another change to their insurance policies and health coverage, something that can be incredibly stressful to deal with. If you’re one of the customers in limbo who is unsure about your coverage but still need a medical procedure, make sure to look out for centers like ours that offer low out-of-pocket and uninsured rates for their procedures.