Consumers Mutual Co-Op, in consultation with the Michigan Department of Insurance and Financial Services (DIFS), has decided to enter into a run off of its health insurance business, the DIFS announced.
Consumers Mutual made the difficult decision to not participate on the health insurance marketplace in 2016, and to wind down operations.
All individual and group policyholders of Consumers Mutual should seek other healthcare coverage options both on and off the Marketplace, especially during this open enrollment period, the department said.
Consumers Mutual and DIFS will continue to work closely to evaluate and determine next steps. As more specific plans for the run off are made clear, further information will be made public at a later date.
Source: Michigan DIFS
Was this article valuable?
Here are more articles you may enjoy.
State High Court Weighs in on Woman Taken for Organ Donation But Was Still Alive 
Viewpoint: Japan’s $550B Bet on America—What it Means for the US Insurance Market 
California Insurance Commissioner Race Has Diverse Field Amid ‘Insurance Crisis’ 
Four Georgia Troopers Fired in Vehicle Pursuit-Insurance Scheme 
