UnitedHealth Group Inc.

Evergreen Health to be liquidated after being found insolvent

Evergreen Health to be liquidated after being found insolvent

Evergreen Health, a Baltimore-based insurer created to sell coverage on Maryland’s health exchange, is to be liquidated and all members’ policies are to be canceled at the end of September after a judge ruled that the company is insolvent and regulators determined there are no viable investors.

The decision by Baltimore Circuit Judge Yolanda Tanner last week will leave about 24,000 Evergreen customers looking for new coverage by the end of the month. Tanner ordered a special 30-day enrollment period, which began Sept. 1, during which Evergreen members may choose a new plan.

Aetna, CareFirst BlueCross BlueShield, Kaiser Permanente, and UnitedHealthcare have agreed to offer...

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