Mar 20, 2016 12:17 PM
New Hampshire keeps close eye on Maine insurance co-op
The Associated Press
CONCORD — New Hampshire insurance regulators are working with their counterparts in Maine to monitor a financially-struggling health insurance cooperative that serves both states.
The Lewiston, Maine-based Community Health Options was the only cooperative in the country to make money on the Affordable Care Act's public insurance exchanges in 2014, but it saw big losses last year and stopped taking new customers in December. Last week, the Maine Bureau of Insurance announced it will be monitoring and posting financial updates about the cooperative every month.
In New Hampshire, where the co-op is one of five companies offering individual ACA plans, Insurance Commissioner Roger Sevigny says his priority is making sure New Hampshire residents are treated fairly. The co-op has 71,500 Maine customers and 12,700 in New Hampshire.