Oklahoma Insurance Commissioner Glen Mulready has placed Mending Health Insurance in Oklahoma, Inc. under the supervision of the Oklahoma Insurance Department (OID), introducing additional regulatory oversight as the health insurer prepares to exit the Affordable Care Act Marketplace for the 2027 plan year.
Mending Health, a licensed health maintenance organization domiciled in Oklahoma, must continue processing claims and servicing existing members while under supervision. The company will also stop accepting new enrollments, while current policyholders are expected to maintain coverage through the remainder of their existing plans.
“Consumer protection is our top priority,” said Mulready. “Given the company’s current financial situation, we determined this action was needed to protect policyholders and ensure their claims are paid.”
Mending Health Required to Continue Processing Claims
Under the Agreed Order of Supervision, Mending Health is required to continue processing and servicing claims for its members. That includes making timely payments while the company remains under regulatory supervision.
Mulready has designated an experienced supervisor to oversee the insurer during this period. The supervisor will monitor Mending Health’s finances and claims handling as the department seeks to protect members, creditors and the public.
The arrangement gives Oklahoma insurance regulators additional oversight of the company while allowing Mending Health to continue meeting its obligations to existing policyholders.
According to the announcement, existing members will not experience a lapse in coverage as a result of the regulatory action.
Mending Health Plans 2027 Marketplace Exit
Mending Health has decided to leave the Affordable Care Act Marketplace for the 2027 plan year. As part of that transition, the company will no longer accept new enrollments and will no longer appear on Healthcare.gov.
Existing members will have an opportunity to select new health insurance coverage during the open enrollment period beginning Nov. 1, 2026. Coverage selected for the new plan year can take effect Jan. 1, 2027.
The transition gives current policyholders time to evaluate other available plans before Mending Health completes its Marketplace departure.
Until then, the company remains responsible for servicing existing members and processing claims in accordance with the supervision order.
Company Previously Operated as Taro Health
Mending Health was formerly known as Taro Health. Founded in 2021, the company began offering plans through the Affordable Care Act Marketplace in 2023.
Its insurance business included individual Marketplace plans and small group coverage in Oklahoma and Maine.
As an Oklahoma-domiciled health maintenance organization, Mending Health is subject to oversight by state insurance regulators. The latest action increases that oversight while the company continues handling existing policies and prepares for its Marketplace exit.
Oklahoma Regulators Focus on Protecting Policyholders
The supervision order represents a significant regulatory development for Mending Health as it moves toward ending its Marketplace participation.
The Oklahoma Insurance Department’s designated supervisor will oversee the insurer’s finances and claims operations, with particular attention to ensuring that existing obligations continue to be met.
For current members, coverage remains in place, and Mending Health must continue servicing policies and processing claims during the supervision period. Policyholders will then be able to choose replacement coverage during open enrollment ahead of the company’s departure from the Marketplace in 2027.
The Oklahoma Insurance Department’s action is designed to provide additional oversight throughout that transition while protecting members, creditors and the public.
