Chicago-based Blue Cross and Blue Shield of Illinois said it will not credit deductibles for members of the closing insurance co-op Land of Lincoln Health, the Chicago Tribune reported.
Land of Lincoln Health in Chicago was placed under state control in July and will shut down after September, leaving 49,000 policyholders in need of new plans for October through December.
Those looking toward BCBSIL for new plans will not be able to waive any deductible or out-of-pocket costs previously paid under Land of Lincoln plans. Affected individuals will instead likely see their deductibles and maximum out-of-pocket payments retracted to zero, costing some thousands, according to the report.
Other insurers in the state — Minnetonka, Minn.-based UnitedHealthcare and its subsidiary Harken Health, Champaign, Ill.-based Coventry Health Care of Illinois, Hartford, Conn.-based Aetna and Louisville, Ky.-based Humana — did not tell the Chicago Tribune if they would credit the members' deductibles.
Insurers in Oregon and New York, where other insurance co-ops have closed, did credit affected members for the payments they paid toward their deductibles, according to the report.
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