Insurance regulators in both Iowa and Nebraska advised CoOportunity's customers to be prepared to look for other options by February 15, 2015 - the open enrollment deadline of the Affordable Care Act. 

If CoOportunity Health cannot be rehabilitated and an order of liquidation is entered, insurance coverage could be limited, the Nebraska Department said on its website.  Nebraska statutes create a safety net to protect policyholders when insurers go out of business, with a $500,000 limit per person.