Moda Health restricted from issuing Alaska policies

One of Alaska’s two primary insurers offering individual health plans has been restricted from continuing business in the state.

On Jan. 28 the Alaska Division of Insurance announced it was limiting the business practices of Moda Health Plan, issuing a termination of impairment against the company.

The division took this action to protect consumers after learning Moda has been experiencing “significant financial difficulties.” These include large operating losses, and inadequate capital and surplus compared to the company’s liabilities.

Alaskans with Moda policies can continue to access health...