You are here: Home Carrier Facts Health Republic Insurance of NJ Health Republic Update

Health Republic Update

State declares Health Republic 'insolvent,' orders it to stop offering plans in 2017," by POLITICO's Katie Jennings: "The state Department of Banking and Insurance ordered Health Republic Insurance of New Jersey to stop offering plans in 2017, meaning consumers will only have two insurers to choose from on New Jersey's individual health insurance marketplace next year. Health Republic lost nearly $59 million in the first six months of the year, leaving the insurer 'insolvent' and in 'hazardous financial condition,' commissioner Richard Badolato said. It is the 17th of 23 co-op plans nationwide - consumer operated and oriented plans - kick-started with federal loans under the Affordable Care Act that has collapsed under financial pressure." http://politi.co/2cb5lC6

HR
WORKPLACE SERVICES

HR CONSULTING

Expert HR guidance designed to support and protect your business.

PAYROLL SERVICES

Average 30% - 70% lower in cost than other services.

COBRA ADMINISTRATION

Leave COBRA to us so you can focus on your bottom line.

EAP SERVICES

Your ONE Source for Organizational Health & Performance Management services.