Centene's Celtic Selected to Provide Insurance Coverage Under New 'Healthy Texas' Program

Centene Corporation CNC today announced its subsidiary, Celtic Insurance Company, Inc. (Celtic), has signed a contract with the Texas Department of Insurance (TDI) to provide affordable health insurance plans for Texas small businesses under the new Healthy Texas initiative. "Healthy Texas utilizes a state-funded reimbursement mechanism known as the Premium Stabilization Fund (PSF) to reduce insurance premiums for small employers who have 30 percent or more of their workforce earning less than 300 percent of the federal poverty limit," explained Frederick Manning, Celtic President and Chief Executive Officer.