Oklahoma's insurance regulator has placed Mending Health Insurance in Oklahoma, Inc. under state supervision due to the company's financial situation.
Mending Health is a licensed health maintenance organization that offered individual marketplace and small group plans in Oklahoma and Maine. The company, formerly known as Taro Health, was founded in 2021 and began offering plans on the Affordable Care Act Marketplace in 2023.
Insurance Commissioner Glen Mulready said the supervision order was necessary to protect policyholders. "Consumer protection is our top priority. Given the company's current financial situation, we determined this action was needed to protect policyholders and ensure their claims are paid."
Under the order, Mending Health must continue processing claims and making timely payments during supervision. The company has decided to exit the marketplace for plan year 2027. Existing members will not experience a lapse in coverage and can select new plans during open enrollment beginning Nov. 1, 2026, with an effective date of Jan. 1, 2027.
Mending Health will no longer accept new enrollments and will not appear on Healthcare.gov. An experienced supervisor has been designated to oversee the company's finances and claims handling.