![Owatonna Insurer Quitting Health Insurance Business](http://townsquare.media/site/669/files/2017/06/Federated_Insurance_Owatonna.png?w=300&h=200&zc=1&s=0&a=t&q=89&w=980&q=75)
Owatonna Insurer Quitting Health Insurance Business
Owatonna, MN (KROC-AM News) - A Minnesota-based insurance company is pulling out of the health insurance business and is blaming uncertainty surrounding President Obama’s health care law.
Federated Insurance says it will withdraw from the group health marketplace at the end of this year. The insurance had been offered to businesses seeking coverage for their employees in Minnesota and 22 other states. The move also affects Federated’s group life insurance and group disability insurance products.
Federated CEO Jeff Fetters cited the time and resources that have been committed to dealing with numerous and unpredictable changes in the Affordable Care Act for the decision. He noted the move will allow the firm to focus on its growing property and casualty, individual life and disability income insurance products.
Federated is headquartered in Owatonna and the change is expected to impact nearly 90 employees at the facility. The insurer says those employees are expected to be offered other positions within the company once the withdrawal from the group health insurance market is completed.
-----------------------------
Boyz II Men in Mankato in August!Show us your boy and your man to get a free
pair of tickets! Click HERE (or the picture) to enter!
More From Y-105FM
![New Event to Showcase Local Iowa Artists Just 60 Minutes from Rochester](http://townsquare.media/site/717/files/2022/09/attachment-RS46830_GettyImages-1131095024.jpg?w=980&q=75)
![Rochester Isn’t Famous for its Coffee Scene, Here’s Why It Should Be](http://townsquare.media/site/911/files/2021/04/christiana-rivers-02MLReRp3I8-unsplash.jpg?w=980&q=75)
![Byron Freshman Basketball Player Gets Special Moment at Final Home Game](http://townsquare.media/site/717/files/2022/02/attachment-Untitled-design-23.jpg?w=980&q=75)
![Cheers! This New Local Irish Whiskey is Now Available in Minnesota](http://townsquare.media/site/719/files/2021/10/attachment-RedLocksWhiskey-FB.jpg?w=980&q=75)
![4 Rochester-Based Etsy Shops that Sell Beautiful Soaps and Bath Bombs](http://townsquare.media/site/717/files/2021/08/attachment-soooapgood.jpg?w=980&q=75)
![Have You Seen the Unique Zipper Mural in Downtown Faribault?](http://townsquare.media/site/730/files/2021/07/attachment-Untitled-design-2021-07-23T130208.163.jpg?w=980&q=75)
![Local is #1 for Fabulous Clothing Company Opening on Thursday in Rochester](http://townsquare.media/site/715/files/2021/06/attachment-open.jpg?w=980&q=75)
![Rochester Is Awesome #345 – Almost 700 Shirts Sold in Fundraiser](http://townsquare.media/site/715/files/2020/04/507-shirt.png?w=980&q=75)
![UPDATE: Rochester Man’s Body Recovered](http://townsquare.media/site/669/files/2019/07/Nevenheim.png?w=980&q=75)