GoHealth files prepackaged Chapter 11 to restructure ahead of AEP 2026

GoHealth said on Sunday that it has entered a voluntary prepackaged Chapter 11 restructuring backed by its lenders and major equity holders, a move the Medicare coverage company says is intended to reset its balance sheet ahead of the 2026 annual enrollment period.

The company said the filing was made in the U.S. Bankruptcy Court for the District of Delaware. It added that the plan has support from 100% of its lenders, more than 60% of Class A common stock holders and more than 99% of GoHealth Holdings LLC interest holders.

GoHealth said it expects to keep operating during the restructuring and continue serving existing Medicare consumers and partners. The company said the plan is designed to preserve the business while positioning it to emerge before the start of AEP 2026.

Under the proposed plan, ownership would transition to certain lenders. GoHealth also said preferred equity would be reinstated, trade payables and other ordinary-course obligations would be paid in full, and common equity holders would receive a cash payment.

Bloomberg Law separately reported the filing later the same day, corroborating that GoHealth had filed voluntary prepackaged Chapter 11 petitions in Delaware with lender and stockholder support.

The next key milestones are court approval of the plan and confirmation of the company’s expected timeline for emergence before the next annual enrollment season.