Wellmark and Aetna Health Insurance announcements cause concern for Storm Lake residents
Wellmark and Aetna announced they will leave the Affordable Care Act under-65 individual market in Iowa in 2018. The change impacts over 50,000 Iowans and was implemented due to heavy financial losses in the turbulent ACA market – over $90 million by Wellmark alone over the last three years.
Those with ACA individual under-65 policies in Iowa will receive termination notices in the coming months and will retain their current coverage until the end of the year. During the next Open Enrollment Period in the fall, they can change their plan to another health insurance carrier.