IU Health Leaving Health Insurance Marketplace

Posted: Updated:

Indiana University Health Plans is dropping its individual policies from the Health Insurance Marketplace. The insurance arm of IU health says the move is the result of a restructuring of its product offerings for 2017 due to "heightened financial uncertainty" of Obamacare in Indiana.

IU Health Plans says those who purchased individual policies on the marketplace should look for alternative coverage for 2017. James Parker, president of IU Health Plans says much of the uncertainty surrounding the marketplace is associated with risk adjustment and the way in which the federal government assigns payouts.

"The changes are necessary to adapt to new market dynamics and potential federal responses to withdrawals by many companies nationally from the federally facilitated Marketplace," said Parker. "Refocusing plan offerings for 2017 allows IU Health Plans to remain committed to the Marketplace in Indiana, while gaining a better understanding of its fast-changing dynamics and possible federal responses."

The organization says individual plans that include IU Health providers will be available on the marketplace in 2017 through CareSource and MDwise. IU Health Plans will also offer individual products outside of the marketplace in the 62 counties its serves and will continue to offer commercial and Medicare Advantage plans.

The announcement by IU Health Plans comes one month after Fort Wayne-based Physicians Health Plan of Northern Indiana Inc. announced it was also dropping out of the individual marketplace.

  • Perspectives

    • Investing Lessons from Mount Elbert

      With little mountain-climbing experience under any of our belts, a few friends and I decided to take on Mount Elbert, Colorado’s tallest mountain. While regular climbers may not consider this “Gentle Giant” a tall task, it was for us inexperienced climbers.  Is investing your “tall task”? If so, you can learn a lot from our experiences. And you won’t have to climb a mountain to do it!



  • Most Popular Stories

    • ‘Potential’ Fueling Downtown Makeover in Fort Wayne

      As Fort Wayne prepares to christen its latest big downtown project, Mayor Tom Henry says there are no signs of transformational development slowing down in the state’s second largest city. The Landing, a $34 million downtown redevelopment project, is expected to officially open soon, one of an estimated 14 projects that Henry says can help Fort Wayne become a destination city. Since the opening of Parkview Field more than a decade ago, Henry says momentum has...

    • New study reveals best place in Indiana for young families

      And the Best Place for Young Families Goes To...

      What do you look for in a community when deciding where to start a family and raise your children? There can be several factors to weigh in making a sound decision. Housing affordability. Unemployment rates. Quality of education. Mortage website Lendingtree.com has released the results of a study pointing to the best places for young families in Indiana.

    • (image courtesy of WPTA TV)

      Indiana Plants Impacted by UAW Strike

      The United Auto Workers union, which totals approximately 49,000 workers at 33 General Motors Co. (NYSE: GM) plants nationwide, went on strike at midnight. The strike affects workers at GM plants in Fort Wayne, Bedford, Marion and Kokomo. The Fort Wayne plant, which assembles full-size pickup trucks, employs about 4,500 UAW workers. Our partners at WPTA-TV in Fort Wayne report several hundred were seen on the picket line throughout the day. In all, about 7,000 UAW...

    • Photo courtesy of Bristol Parks

      Startup Plans to Add 250 Jobs By 2021

      A metal forming startup is seeking to use a facility in Bristol that has been empty since 2017 for a major manufacturing operation. The Elkhart Truth reports Brinco will invest $52 million in the project and add 250 jobs.

    • Diamond K Sweets Fudge O'Bits

      Spencer Confectionery to be Featured on QVC

      Spencer-based Diamond K Sweets will feature their trademark product this fall on QVC. The company's Fudge O'Bits Holiday Bundle will soon be offered to QVC shoppers, which features its company's top  four selling flavors of fudge.