Health Republic Insurance Of New York - Health Republic
Health Republic Insurance of New York is a not-for-profit health insurance cooperative in New York State.
Health Republic was created as one of 23 Consumer Operated and Oriented Plans, known as CO-OPs, established under the Affordable Care Act to increase competition in the marketplace and give consumers a voice in their healthcare. Health Republic began selling insurance plans to individuals and small groups, both on and off the NY State of Health marketplace, in October 2013.During the 2013-2014 Open Enrollment period, Health Republic captured the largest marketshare on the New York State of Health marketplace. It became the largest CO-OP in the country during this period.
In September 2014, Health Republic members were able to vote for Member Directors on the CO-OP's Board of Directors, with nine members ultimately elected from across the state, making up a majority of the Board.For 2015, Health Republic expanded its service area by 11 counties upstate to a total of 43 counties statewide; added two new products: an out-of-network plan for small groups and a higher-deductible plan for individuals; and expanded its provider network in the Albany area
On September 27, 2015, Health Republic announced that it would begin the processes of ceasing operations, effective immediately.
References
External links
- Official Website
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