Posts Tagged ‘CO-OP Program’

CMS Announces 7 CO-OP Loans, Including 1 in Iowa

February 21, 2012

Today CMS  awarded seven loans under the Consumer Oriented & Operated Plan (“CO-OP”) Program.  The CO-OP Program provides low-interest federal loans to qualifying non-profit cooperatives to establish health insurance for cooperative members.  One of the  loans was made to Midwest Members Health, a cooperative sponsored by the Iowa Institute, who applied to offer insurance within Iowa and Nebraska.   More information on the awards  is available at http://www.healthcare.gov/news/factsheets/2012/02/coops02212012a.html

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CO-OP Rules Finalized

December 8, 2011

Today CMS released final rules for the CO-OP (Consumer Operated & Oriented Plans) Program created by the Affordable Care Act.  The Program provides federal loans to private organizations seeking to establish new health insurers through consumer-operated cooperatives.   The rules adopt standards for CO-OPs and for qualifying for federal assistance to establish a CO-OP.  The final rules can be accessed at  http://www.ofr.gov/OFRUpload/OFRData/2011-31864_PI.pdf.


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