Vt. health co-op moves forward - WCAX.COM Local Vermont News, Weather and Sports-

Vt. health co-op moves forward

Posted: Updated:
BURLINGTON, Vt. -

Vermont's newest heath insurance option is now officially open for business, except it can't actually provide insurance -- yet.

The Vermont Heath Co-op is a newly created non-profit option for heath insurance required of all 50 states by federal law under the 2010 Affordable Care Act. The Co-op's CEO, Christine Oliver, said this is the first new heath insurance provider in Vermont in more than 20 years.

"It's a completely different model for insurance -- meaning you own your heath -- you have a stake in how this company operates. What's important to you as a member for you and your heath going forward," Oliver said. "We know that in 2014 we'll have over 100-thousand Vermonters looking for heath insurance when the exchange is implemented and we're going to be there to be an option."

Oliver said the Co-op will operate much like a credit union for heath insurance and all profits go right back into lowering premiums. It will start enrolling members this summer.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WCAX. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.