Federal regulators are updating the reporting program they use to keep tabs on the finances of the Consumer Operated and Oriented Plans (CO-OPs).
The Centers for Medicare & Medicaid Services asks CO-OPs to give CMS more information about their capital and surplus in monthly financial reports.
The new template also asks CO-OPs to give CMS more information about matters such as investment income receivables, Patient Protection and Affordable Care Act reinsurance program premium costs, and expected PPACA reinsurance program recoveries, according to a copy of a "crosswalk" spreadsheet that indicates how CMS is changing the template.
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Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.
