Iowans will have two additional health plans this fall due to a collaboration between two organizations.
CoOportunity Health and University of Iowa Health Alliance have submitted health plan designs to the Iowa Insurance Division for approval with the intention of offering them on the new Iowa Health Insurance Marketplace, the Iowa SHOP Exchange and in the open market for individuals and employer groups of all sizes, according to a news release.
The two plans are called CoOportunity Choice UI Health Alliance and CoOportunity Preferred UI Health Alliance. Each features a provider network that includes all member organizations for UIHA, including Genesis Health System, Mercy Medical Center in Cedar Rapids, Mercy Health Network and University of Iowa Health Care.
The alliance of four entities includes more than 50 hospitals and more than 160 clinics across the state with locations in Iowa City and Cedar Rapids.
CoOportunity Health is a multistate health insurance CO-OP. CoOportunity began operating in February 2012 following approval by the federal government, according to a news release.
The company is based in Des Moines and operates in Iowa and Nebraska.
"This gives us an opportunity to provide innovative policy designs which allow for increased benefits and decreased costs the closer a patient wants to work with their health care provider," said David Lyons, CoOportunity Health's CEO. "We're not your traditional health insurance company. Our focus is to build stronger relationships between members and their doctors."
Lyons said the partnership is "two innovative and experienced nonprofits coming together to offer new options in the Iowa marketplace." The plans will be available on the insurance exchange when it becomes available in October.
The plans will be available to everyone, Lyons said.
Another new health plan was recently introduced. Beginning Jan. 1, 2014, the Iowa Health and Wellness Plan will cover all Iowans age 19 to 64 with incomes under 138 percent of the Federal Poverty level.
"The Healthy Iowa Plan with the Medicaid compromise, this would increase the options available to a portion of those lives," Lyons said. "In the Medicaid reform, they split it in two pieces those below 100 percent of poverty level and those between 100 percent and 138 percent of poverty level."Those folks between 100 and 138 percent of poverty level will be able to purchase these products on the exchange."