LEWISTON — A downtown Lewiston housing cooperative wants to begin work renovating its third property later this summer, with a little help from city and federal dollars. Craig Saddlemire of the Raise-Op Housing Cooperative asked city councilors Tuesday to set aside up to $204,750 in federal HOME funds to help renovate the nine-unit apartment building […]
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Posted inLewiston-Auburn
Lewiston’s Community Health Options losing money, slashes spending
LEWISTON — Maine’s only health insurance co-op lost $31 million last year and expects to lose another $43 million this year, prompting the nonprofit to slash spending, renegotiate rates with doctors and focus more attention on the type of care patients are getting. “It’s the old mantra of right care at the right time in […]
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Community Health Options to suspend sales of individual health plans
LEWISTON — Community Health Options, Maine’s only health insurance co-op, will suspend sales of new individual insurance plans for 2016. No new individual plans will be sold on the insurer’s website after Dec. 15. No new individual Community Health Options plans will be sold through the federal marketplace, HealthCare.gov, after Dec. 26. The move does […]
Posted inBusiness, Lewiston-Auburn
Community Health Options to give rebates
LEWISTON — Maine Community Health Options, the state’s only health insurance co-op, is issuing more than $3.3 million to individuals and families who were policyholders last year. Rebates will equal 2.1 percent of total health insurance premiums paid for the year. Amounts will vary, but the average rebate will be $87. The Affordable Care Act, […]
Posted inBusiness, Lewiston-Auburn
New health insurance co-op in Lewiston readies for business
LEWISTON — In a traditional insurance company, clients buy insurance. At Maine Community Health Options, they also run the place. MCHO, based in Lewiston, is the state’s first health insurance co-op, a nonprofit governed for and by members. Think credit union — but for health insurance. “The members we have may very well be tomorrow’s […]