Washington, D.C. – Alaska Congressman Don Young commented on the Alaska Division of Insurance announcement to limit Moda Health Plan’s business practices in Alaska:
“Today’s announcement is meant to protect Alaskans from the failings of an individual insurance provider, but it also begs the question of the overall instability of our current healthcare system,” said Congressman Don Young. “With the departure of Aetna, Assurant Health and State Farm last year, Alaskans are now left with only one viable option to obtain individual health insurance – which is concerning from a competition and marketplace standpoint. The Alaska Division of Insurance has made assurances that Moda policy holders will continue to be able to access health care services, their claims will be paid and consumers will be protected. Alaskans should know that the State and the congressional delegation will be working with them as this process moves forward.”
A note to Alaska consumers from the Division of Insurance:
The Division of Insurance advises consumers still shopping for plans to choose an insurer other than Moda. Alaskans already enrolled with Moda will need to switch plans; there will be a special enrollment period to allow for the transition. The Division of Insurance is working closely with the federal Centers for Medicare and Medicaid Services and Center for Consumer Information and Insurance Oversight during this time.
Consumers with questions should contact the Division of Insurance consumer services specialists at (907) 269- 7900. FAQs will be posted to the division webpage by close of business, and updated as more information becomes available.
- What are the next steps? The division will closely monitor and work with Moda to ensure the company can continue to serve its current customers and pay claims. The division also will facilitate a plan to transfer Moda’s individual policyholders to another carrier.
- What if I have a Moda health insurance plan? Alaskans with Moda policies can continue to access health care services. Through its monitoring, the division will ensure claims are paid and consumers are protected.
- Should I continue to pay my premium? Yes. If you pay your premium, it will help ensure continuity in coverage as the division works with Moda on next steps.