Oregon, Alaska lift suspension of Moda Health - KPTV - FOX 12

Oregon, Alaska lift suspension of Moda Health

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The Division of Insurance says it will allow Moda to again renew policies and sell new policies to both individual and group customers in Alaska and Oregon. The Division of Insurance says it will allow Moda to again renew policies and sell new policies to both individual and group customers in Alaska and Oregon.
PORTLAND, OR (AP) -

Insurance regulators say they have lifted the suspension of an Oregon-based company to again offer health insurance policies in Alaska and Oregon.

The Alaska Division of Insurance and the Oregon Department of Consumer and Business Services announced Monday that they've reached an agreement with Moda Health Plan Inc.

The Division of Insurance says it will allow Moda to again renew policies and sell new policies to both individual and group customers in Alaska and Oregon.

Both states late last month suspended Moda from accepting new or renewal policies, citing concerns with the company's financial situation.

In a release Monday, Alaska officials said both states came to an agreement with Moda over the weekend that outlines a plan for the company to stabilize its financial position and continue to offer coverage.

Copyright 2016 The Associated Press. All rights reserved. 

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