HB761: Health group cooperatives; established for arranging benefit plan coverage for small employers.

Chief Patron

Del. Phil Hamilton (R-93)

Phil Hamilton (R-93)
Newport News, VA
Served: 1988–

Progress

	Introduced
	Passed Committee
	Passed House
	Passed Senate
	Signed by Governor
	Became Law

Status

03/31/2006: signed by governor

View Entire History

Summary

Small employer health group pooling.  Authorizes the establishment of cooperatives for the purpose of offering, providing or facilitating the provision of coverage for health care services to participating small employers. Membership in health group cooperatives is limited to employers with not more than 50 eligible employees. A small employer health group cooperative is deemed to be a single entity for purposes of negotiating the terms, including premium rates of coverage.  Cooperatives shall elect to either be the policyholder of a group policy covering employer-members or a sponsoring entity that facilitates the provision of separate policies for each of its employer-members.  If a cooperative elects to be the group policyholder, the agreement shall address the collection of funds from employer-members when one employer-member fails to remit its share of the premium.   View Full Text »