Indy Health Insurance Company entered into a voluntary rehabilitation receivership with the Arkansas Insurance Commissioner. Additionally, CMS and Indy Health Insurance Company are working toward terminating their 2021 Medicare Part D contract.
The rehabilitation process can be a very lengthy process whereby all debts (including pharmacy claims) will be assigned priority and satisfied to the extent possible from available assets in the order determined by the appointed Receiver. As part of the Part D contract termination process, the annual reconciliation must occur with CMS. The annual reconciliation will not happen until October of 2022.
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