WINhealth Partners, once the second largest health insurance company in Wyoming, is being liquidated to offset its debts.
Policyholders with WINhealth will not be held liable for the company’s debt.
On Jan. 12, a Laramie County District judge signed the order to liquidate the company.
Tom Glause, Wyoming insurance commissioner, will supervise the insolvency process. He and his team took over WINhealth’s operations after discovering its fiscal issues last October.
On October, the company announced its withdrawal from the individual health insurance marketplace under the ACA.
According to company officials, the fees from the Centers for Medicare and Medicaid Services were just too steep.
