Minnesota-based health insurance nonprofit UCare is shutting down. The organization said it will transfer health care plans for more than 300,000 members to Medica.
Sad news, MN is loosing a non-profit insurance org that has covered many people for decades.
small clarification: all health insurance in MN is “nonprofit” by law. Most of the insurers find ways to spin out a separate entity so they aren’t as “nonprofit” as you might think, so it’s good to know that “nonprofit health insurer” means almost nothing in MN.
However UCare was entirely nonprofit and local. They had some great plans for great prices. Obviously too good for too little price.
Not sure but Medica might be largely nonprofit but it is not local. Health Partners might be too and local but it is a doctors and clinics network too. As far as I know most of the others are generally profit making entities acting narrowly as a nonprofit.
Medica is locally-based (originally a spinoff from Allina Health), though they have grown large enough that they don’t feel like a local insurer anymore. They have plans across the Midwest at this point, and they have employees all over the US, but the headquarters is still in Minnetonka.
small clarification: all health insurance in MN is “nonprofit” by law. Most of the insurers find ways to spin out a separate entity so they aren’t as “nonprofit” as you might think, so it’s good to know that “nonprofit health insurer” means almost nothing in MN.
However UCare was entirely nonprofit and local. They had some great plans for great prices. Obviously too good for too little price.
Not sure but Medica might be largely nonprofit but it is not local. Health Partners might be too and local but it is a doctors and clinics network too. As far as I know most of the others are generally profit making entities acting narrowly as a nonprofit.
Medica is locally-based (originally a spinoff from Allina Health), though they have grown large enough that they don’t feel like a local insurer anymore. They have plans across the Midwest at this point, and they have employees all over the US, but the headquarters is still in Minnetonka.
Thanks.