CareSource to open office in Indiana

Sept. 30--CareSource has leased temporary office space in downtown Indianapolis as it searches for a permanent home for a handful of workers who will help facilitate enrollment in the state's health insurance marketplace -- one of two new markets where the downtown Dayton-based health insurer will sell marketplace plans next year.

CareSource, Ohio's largest Medicaid managed care provider, began selling its CareSource Just4Me brand commercial insurance products in Ohio's marketplace this year. It will open for business on the federal insurance exchanges in Indiana and Kentucky next year.

CareSource already has offices in Louisville, Ky., where it provides Medicaid coverage jointly with Humana throughout the state.

The company expects total enrollment in marketplace plans to nearly triple next year from 32,000 paid members in Ohio to about 100,000 policyholders among all three states.

Indiana is expected to generate about 10,000 new marketplace members for CareSource in its first year, according to company officials, who declined to give projections for Kentucky and Ohio next year.

Despite the move into Indiana and Kentucky, most of the growth in CareSource's workforce will be concentrated in the Dayton area, where the company recently moved 175 workers from its headquarters building at 230 North Main St. to newly renovated office spaces nearby at 220 East Monument Ave.

"When we go to a new state like Indiana and Kentucky...all core operations will be done here," said President and CEO Pam Morris. "So, when we grow, even if it's in another state, Dayton benefits from that growth because we will hire additional staff here."

CareSource has about 1,550 employees in downtown Dayton, and has hired 159 workers in new positions so far this year. The company expects to reach a total payroll close to 2,000 by the end of the year.

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