Kamenetz to lead Maryland counties' association

Health Insurance

Evergreen removed from individual health insurance market pending approval of its bid to go for-profit

Evergreen removed from individual health insurance market pending approval of its bid to go for-profit

Evergreen Health will not be allowed to sell individual health insurance policies until federal and state regulators decide whether to allow it to convert to a for-profit insurer and receive a much needed cash infusion.

The decision by the Maryland Insurance Administration leaves roughly 6,000 people who had Evergreen policies for 2016 with one week to choose a new plan or be automatically assigned to another insurer's policy in order to have coverage starting Jan. 1. Another 3,000 people who bought individual plans directly from Evergreen also will need to pick a new insurer.

Evergreen, one of 23 nonprofit health insurance co-ops created under the federal Affordable Care Act,...

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