Filed Under:Health Insurance, Individual Health

Assurant hopes to get $140 million in PPACA '3 R's' money

Assurants expects to sell coverage through several state exchanges in 2015. (AP Photo/Jason DeCrow)
Assurants expects to sell coverage through several state exchanges in 2015. (AP Photo/Jason DeCrow)

Patient Protection and Affordable Care Act (PPACA) market changes pumped up individual health sales at Assurant Inc. (NYSE:AIZ) during the second quarter but hurt profits.

Company executives say their new insureds turned out to be somewhat less healthy than they had assumed when they priced the coverage. The company estimates it should get a total of $140 million in payments from the new PPACA reinsurance and risk-adjustment programs.

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Nichole Morford

Nichole Morford
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