CMS Accepting Loan Applications for CO-OP Insurance Plans

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The Centers for Medicare & Medicaid Services is accepting loan applications to eligible prospective Consumer Operated and Oriented Plan programs through Dec. 2012, according to a government announcement.

Under healthcare reform, CO-OP programs are designed to foster the creation of consumer-governed, private, non-profit health insurance issuers. In addition to improving consumer choice and plan accountability, the CO-OP program also seeks to promote integrated models of care and enhance competition in insurance exchanges.

CMS will provide loans to capitalize eligible prospective CO-OPs with a goal of having at least one CO-OP in each state. Priority will be given to applicants that offer CO-OP qualified health plans on a statewide basis, use integrated care models and have significant private support.

Read the government announcement about loans for CO-OP plans.

Related Articles on CO-OPs:

HHS: Up to 40% of Health Insurance Co-op Loans Could Default
CMS Releases Proposed Standards for CO-OP Insurance Plans
Senate Finance Committee Approves Health Bill

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