State approves insurers for Iowa Health Insurance Marketplace
Friday, August 02, 2013 10:49 AM
The Iowa Insurance Division announced Thursday that it has completed its review of the health insurance plans that were submitted for use on the Iowa Health Insurance Marketplace, also known as a health insurance exchange. The division gave provisional approval to each of the six companies that submitted applications to offer health insurance through the electronic exchange; federal agencies will now review the plans for eligibility. Two of the companies, Coventry Health Care of Iowa Inc. and CoOportunity Health, are expected to offer statewide coverage for individual health care coverage, while CoOportunity Health also applied to offer statewide small group plans. Rates that will be charged by each company on the exchange are still confidential but will be available no later than the beginning of the open enrollment period for 2014, which begins Oct. 1. More information about the Iowa's Health Insurance Marketplace will soon be available on the federal site, www.healthcare.gov.