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GoHealth, a health insurance marketplace and Medicare-focused digital health company, filed for Chapter 11 bankruptcy protection Sunday.

Why it matters: GoHealth cited a series of changes, including reimbursement challenges and Medicare Advantage headwinds.

Driving the news: GoHealth filed the petition in the U.S. Bankruptcy Court for the District of Delaware.

"The steps we are taking today will provide GoHealth with new owners and a strong financial foundation," CEO Vijay Kotte said in a statement.

How it works: Chicago-based GoHealth works with consumers searching for health plans by using technology that compares products offered by insurance companies like Aetna, Anthem and Humana.  

Zoom in: The company intends to continue operating.

GoHealth's filing says it had $917,917,000 in total assets against $986,705,000 in total debts.

It received votes for the plan from 100% of its lenders, over 60% of the holders of its Class A Common Stock, and over 99% of the holders of GoHealth Holdings, LLC interests. 

Catch up quick: GoHealth's IPO in 2020 raised $914 million, which valued the company at approximately $6.6 billion.

What's next: GoHealth expects to emerge from the process before the start of the 2026 annual enrollment period.

GoHealth files for bankruptcy protection

GoHealth blamed the move on reimbursement challenges and Medicare Advantage headwinds.

Illustration of a crumbling Roman column in the shape of a dollar sign

GoHealth, a health insurance marketplace and Medicare-focused digital health company, <a class="gtmContentClick" data-vars-link-text="filed" data-vars-click-url="https://dr201.s3.amazonaws.com/ghi/VoluntaryPetitions/26-10914.pdf" data-vars-content-id="cd300fa4-04bd-4815-b9aa-e3df2f2469f7" data-vars-headline="GoHealth files for bankruptcy protection" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://dr201.s3.amazonaws.com/ghi/VoluntaryPetitions/26-10914.pdf" target="_blank">filed</a> for Chapter 11 bankruptcy protection Sunday.Why it matters: GoHealth cited a series of changes, including <a class="gtmContentClick" data-vars-link-text="reimbursement challenges" data-vars-click-url="https://www.axios.com/2026/01/22/health-insurance-gop-republicans-affordability" data-vars-content-id="cd300fa4-04bd-4815-b9aa-e3df2f2469f7" data-vars-headline="GoHealth files for bankruptcy protection" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2026/01/22/health-insurance-gop-republicans-affordability" target="_self">reimbursement challenges</a> and Medicare Advantage <a class="gtmContentClick" data-vars-link-text="headwinds" data-vars-click-url="https://www.axios.com/2026/02/26/medicare-advantage-declines-states" data-vars-content-id="cd300fa4-04bd-4815-b9aa-e3df2f2469f7" data-vars-headline="GoHealth files for bankruptcy protection" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/2026/02/26/medicare-advantage-declines-states" target="_self">headwinds</a>.

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GoHealth files for bankruptcy protection

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