Wellmark Blue Cross and Blue Shield of Iowa announced Thursday that it plans to re-enter the individual health insurance market on the public exchange in Iowa next year, assuming there aren’t any significant changes to the Affordable Care Act. In a statement, the Des Moines-based insurer said it “believes the individual market can be functional once again.”

Wellmark had announced in April 2017 that it would exit Iowa’s individual health market in 2018, after absorbing $90 million in individual market losses over a three-year period. The decision affected about 21,400 Wellmark policyholders at the time.

The company said that it “will offer fully ACA-compliant products on the public exchange for 2019, assuming there aren’t any significant changes to the Affordable Care Act. We will also explore offering additional options outside of the ACA for Iowans, if state and federal rules allow us to do so.

“While there is no singular solution to stabilize the entire individual market in 2019, Wellmark will seek to offer options that provide more choice and affordability to Iowans than they have today,” Wellmark said in the release.

“Wellmark believes the individual market can be functional once again. We pledge to continue working with state and federal officials, business partners, and other stakeholders to find a solution for all Iowans in the individual and family insurance market.”