What is the Affordable Care Act?
On March 23, 2010, President Obama signed the Affordable Care Act (ACA). This law calls for health insurance reforms that will:
• Expand coverage
• Lower health costs
• Improve the quality of care
• Make insurance companies more accountable
• Increase healthcare choices
Through some of these initiatives, the ACA will establish the Health Insurance Marketplace—a state-based online tool to help you make informed decisions about insurance.
What does the Affordable Care Act have to do with co-ops?
The Affordable Care Act established co-ops to help create new consumer-governed nonprofit health plans. Ultimately, the goal of a co-op is to help individuals and families save money on health insurance, enhance competition in each state-based Health Insurance Marketplace (also known as an exchange), and provide choice in markets dominated by a few insurance companies.
Montana Health CO-OP is one of the initial seven co-ops funded on February 21, 2012, as a result of the Affordable Care Act. The Department of Health and Human Services gave us a loan to establish a consumer-oriented and -operated (CO-OP) health insurance plan in Montana.
The Montana Health CO-OP is Open for Business!
Enroll now in a plan that covers essential benefits, pre-existing conditions, and more. Plus, see if you qualify for lower costs.
Open enrollment starts October 1 – March 31, 2014 with first available effective date is January 1, 2014. If you should have questions, please contact 855-447-2900.