HELENA, Mont. (AP) — A nonprofit health insurer in Montana has been granted another $27 million in federal funding to expand into Idaho.
The Montana Health CO-OP announced its potential expansion on Monday, Lee Newspapers of Montana reported.
Jerry Dworak, the president of the CO-OP, said it still must apply to the Idaho Department of Insurance to be licensed to sell insurance there.
The CO-OP is one of three firms selling health insurance policies on Montana’s federally operated Patient Protection and Affordable Care Act (PPACA) exchange. If approved, the CO-OP would be the fifth company selling policies in Idaho.
The CO-OP received a $51 million PPACA CO-OP startup loan in 2012.