< Return to blog
By: admin - Jul 14, 2016
Bulletin - July 12, 2016
From the Desk of Mark Gurda, Jeff Greenberg, Mark Zisook, Brent Caldwell and the staff at Castle Group Health Inc. : Northbrook, IL Tel: 847-559-8100.The Federal Government denied the suspension of the $31mm payment to the federal risk adjustment program. As a result, the State of Illinois has petitioned the court to take over Land of Lincoln health due to financial instability.The State will continue to operate the company on a temporary basis while making arrangements for the orderly shut down of the company. This shut down could last the rest of the year or the company could be closed as early as September 1, 2016. Land of Lincoln will continue to pay policy claims while the director of insurance works with the state to create an open enrollment period. All members should continue to pay premiums and the carrier, with the backing of the State insurance pool will pay claims. We will send out additional information as it becomes available.
What you need to do and know:
No action is required on your part at this time.
Land of Lincoln will continue to operate normally and pay claims under the supervision of the State of Illinois.
Continue to pay premiums to maintain coverage.
There is, at this time, no open enrollment event.
If and when the carrier is shut down, there will be an open enrollment event allowing you to elect new coverage.