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Healthcare Policies and Laws

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

The Maryland Insurance Administration barred Evergreen Health from selling health insurance policies for individuals until federal and state regulators decide whether to allow the cooperative to convert to a for-profit insurer and receive a much-needed cash infusion.

Roughly 6,000 people who bought an Evergreen plan through the state's health insurance exchange last year now have only weeks to choose a new plan or automatically be 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 will be on their own to pick a new insurer.

The decision is the latest development in Evergreen's...

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