Health Republic Insurance of New York Begins Open Enrollment for New Healthcare Plans in New York State

Unique Not-For-Profit CO-OP Structure is Truly Member-Oriented; Plans Will Offer Low-Cost, High-Quality Healthcare Options to New Yorkers

Coverage for Individuals and Small Groups to Begin January 1, 2014

NEW YORK--()--Health Republic Insurance of New York, a new not-for-profit Consumer Operated and Oriented Plan (CO-OP) offering health insurance coverage in New York State, today announced that it will start open enrollment on October 1, 2013 for coverage beginning January 1, 2014.

Health Republic Insurance is offering new competitive options for individuals and small businesses both on and off the New York State of Health Benefit Exchange. In partnership with MagnaCare, its network comprises more than 70,000 providers in 32 counties, including New York City, Long Island, the Hudson Valley, the Capital District, parts of North County, Syracuse, and parts of Western New York.

“We are excited to be truly ‘open for business’ and, as New York’s only CO-OP, are proud to be offering a new innovative plan with health insurance rates that are among the lowest on the Exchange in nearly every category and geographic region,” said Debra Friedman, President and CEO for Health Republic Insurance.

“At Health Republic Insurance, we want to make sure our members get the healthcare they need, when they need it, where they need it. We’re also building in extra customer support systems to help our members stay healthy.

“We invest all profits back into our programs in the form of lower premiums and better coverage so that members continuously benefit from the lowest costs and even stronger services, allowing each member to choose from several quality plans that fit every type of need and budget,” said Friedman.

Health Republic Insurance is now offering three health insurance plans on the Exchange: EssentialCare (the New York State mandated “standard plan”), PrimarySelect (an alternative plan where members can access better outpatient benefits when they select a primary care physician), and PrimarySelect EPO (a plan similar to PrimarySelect, but members must choose their primary physician from a menu of primary care medical homes).

                         
Plan       EssentialCare       PrimarySelect       PrimarySelect EPO
Tiers      

Platinum, Gold, Silver,
Bronze & Catastrophic

      Platinum, Gold, Silver       Silver
Availability       32 counties across NY       32 counties across NY       7 counties across NY
                 

About Health Republic Insurance of New York

Health Republic Insurance of New York is a true not-for-profit program and Consumer Operated and Oriented Plan, or CO-OP, designed to give people more options for quality, affordable coverage in a consumer-friendly and focused way. Over time, the majority of the Company’s Board of Directors will be members of the plan, who will be elected by their peer members and whose priority is making sure every voice is heard and that the plan delivers superior value. Health Republic Insurance utilizes the MagnaCare network throughout New York State to provide high-quality coverage at competitive low rates.

For more information, please visit the Company’s web site at newyork.healthrepublic.us.

Contacts

Sard Verbinnen & Co
Lesley Bogdanow/Katie James
212-687-8080

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Contacts

Sard Verbinnen & Co
Lesley Bogdanow/Katie James
212-687-8080