Minuteman Health announced it has been unable to secure financing in order to form a new company that would offer plans on the state’s exchange in 2018.
The Massachusetts-based health insurance co-op announced in June that it would stop writing business as of January 1, 2018, and its intentions to form a new for-profit company in that would offer plans for 2018.
The leadership of Minuteman Health had been working to secure funding in order to have a new company licensed in time to submit proposed health insurance plans for 2018 to the New Hampshire Insurance Department by the federal deadline of August 16th.
Current Minuteman policyholders will receive a communication directly from the company in the coming weeks. Refer to the below press release for additional information and contact your NEEBCo representative with questions.