LEWISTON — A federal judge has ruled that Community Health Options, Maine’s only health insurance co-op, can proceed with its $22.9 million lawsuit against the federal government. The Department of Justice had asked to stay the co-op’s lawsuit, saying the government was dealing with several similar suits and it wanted to hold Community Health Options’ […]
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Posted inLewiston-Auburn
Lewiston’s Community Health Options sues government over $22.9M
LEWISTON — Community Health Options, the state’s only health insurance co-op, has filed suit against the federal government, claiming it owes the co-op nearly $23 million in promised payments. The co-op says the U.S. Department of Health and Human Services owes it money under the “risk corridor” program, which was established with the Affordable Care […]
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Lewiston’s Community Health Options faring better than expected
LEWISTON — Months after Community Health Options stopped selling new individual health insurance plans because it was losing too much money, the state’s only health insurance co-op says its financial situation is now a little better than leaders had expected. In its first 2016 quarterly statement to the Maine Bureau of Insurance, the Lewiston nonprofit […]
Posted inLewiston-Auburn
Lewiston’s Community Health Options running a deficit
LEWISTON — For the first time since it began selling health insurance two years ago, the state’s only insurance co-op is losing money. Community Health Options said Wednesday that it posted a deficit for the third quarter of 2015. It projects an $18 million shortfall by the end of the year. The co-op budgeted $334 […]
Posted inLewiston-Auburn, Maine
Lewiston’s Community Health Options not among the co-ops closing
LEWISTON — Nearly half of the country’s health insurance co-ops have shut down or plan to by the end of the year, most after getting word this month that they wouldn’t receive the millions in federal money they expected. They realized they could not afford to stay in business. But the head of Community Health […]
Posted inLewiston-Auburn
Kevin Lewis talks about Community Health Options
Instead it got more than 40,000. Today, the health insurance co-op has over 72,000 members, operates in two states and is considered one of the most successful insurance co-ops in the country. And it did it by being different: Offering free care to people with chronic disease, providing case management and free or low-cost mental […]
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Lewiston health insurer enrolls 57,600 residents through health exchange
UPDATED STORY: Lewiston health insurance co-op remains king of the marketplace AUGUSTA — Nearly 80 percent of Maine residents who have signed up for health coverage on the exchange have selected plans with a Lewiston-based nonprofit co-op. Maine Community Health Options CEO Kevin Lewis said Tuesday that 57,600 residents have enrolled with the company through the […]
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Lewiston health insurance co-op remains king of the marketplace
LEWISTON — Over 66,000 Mainers have signed up for health insurance with Maine Community Health Options, an increase of 65 percent for the state’s only health insurance co-op. Of those people, 57,600 got insurance through the federal marketplace established by the Affordable Care Act, also known as Obamacare. That means for the second year in […]
Posted inLewiston-Auburn
Maine Community Health Options is country’s only profitable co-op
LEWISTON — Maine Community Health Options is the only profitable health insurance co-op in the country, according to rating agency A.M. Best. In a briefing released last month, Best said only one of the country’s 23 co-ops — MCHO — had both favorable underwriting and income as of last fall. While MCHO reported $10.9 million […]
Posted inLewiston-Auburn, Maine, sj-web
Lewiston based health insurance cooperative to reach all of N.H.
PORTLAND (AP) — Maine Community Health Options is offering health insurance plans throughout New Hampshire in 2015, expanding ahead of schedule after being approved for a $67 million loan from the U.S. Centers for Medicare and Medicaid Services. The insurance cooperative’s proposed plans have been approved by the New Hampshire Insurance Department and are under […]