State approves health insurance cooperative

CHARLESTON (AP) — A Kentucky-based cooperative is preparing to enter West Virginia’s health insurance marketplace.

Kentucky Health Cooperative, Inc. says in a news release that it has received approval from the West Virginia Offices of the Insurance Commissioner to offer health insurance in West Virginia.

The newly formed West Virginia Health Cooperative, Inc. will begin enrolling residents statewide in November. Benefits will begin Jan. 1, 2015.

Kentucky Health Cooperative chief executive officer Janie Miller will also serve as the West Virginia cooperative’s CEO.

Cooperatives are non-profits that are owned by their members.

Currently, Highmark West Virginia is the only insurer participating in West Virginia’s health insurance market.

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