The customers are covered and will select new co-ops beginning 1 Nov during the ACA enrollment season. OP is afraid to deal the whole story. What the story means is that an insurance company is going out of business.
"The ACA's third open-enrollment period begins Nov. 1, when Health Republic's members will have to select a new health plan on New York's exchange.
“Given Health Republic's financial situation, commencing an orderly wind-down process before the upcoming open-enrollment period is the best course of action to protect consumers,” Anthony Albanese, acting superintendent of the New York Department of Financial Services,
said in a news release.
Three other co-ops have ceased operations this year:
Nevada Health CO-OP,
Louisiana Health Cooperativeand
CoOportunity Health. Nineteen co-ops are left in the program."
New York's co-op, largest in the nation, will shut down