We've teamed up with Northern Light Health to make health care access easier - learn more

We've teamed up with Northern Light Health to make health care access easier - learn more

2024 Annual Report

Trust Begins with Transparency

AR letter mobile AR letter

Transparency in action:
A message from our
CEO and President

As healthcare costs continue to rise, Community Health Options remains committed to providing benefits our Members can actually use.

From access to preventive care to cost-effective treatment options and coordinated care management, we’re focused on lower costs, better health outcomes and higher productivity for everyone.

2024 at a Glance

Year In Review

In 2024, we received 85,310 calls, spending more than 11,670 hours
supporting 31,592 Members across Maine and beyond.

Answering the call

98% of surveyed callers got the answers they needed, quickly and clearly.

Treating Members with respect

99% of surveyed callers said they were treated with courtesy and respect.

Quick and efficient claims processing

Paid 415,000 claims totaling $193.8 million, with an average turnaround time of just three days.

Trusted by employers

92% of employers renewed their commitment with us for another year.

Overcoming obstacles,
renewing hope

A Member experiencing an eating disorder and behavioral health diagnoses needed to transfer from the hospital to a specialized facility, but there was nowhere in the northeast for her dual diagnosis. Her parents were prepared to cash out their retirement savings and max out their credit cards to pay for their daughter’s care at a center in Texas.

Fortunately, their Community Health Options' national plan included the First Health® network. At first, it appeared the center was out-of-network, but the Community Health Options team worked around the clock and confirmed coverage the night before the patient’s discharge. This incredible effort by teams in Maine and Texas swiftly organized admission to the recovery center and a flight from Maine.

Just wanted to let you know that we admitted our daughter yesterday. We met the entire treatment team at our intake, and we’re already scheduled for weekly family therapy, education and support groups. Thanks again for all your help getting us here.

FROM GRATEFUL PARENTS

Benefits Expansion

Expanding Access to Care

It’s no secret that Members, employers and the healthcare industry are facing significant challenges when it comes to accessing care. At Community Health Options, we’re focused on finding new ways to help Members get the care they need.

In 2024, we expanded virtual care options, found new ways to lower out-of-pocket costs, and formed new partnerships to help our Members save time and money.

Virtual primary care
with Firefly

Facing increasingly limited access to local primary care providers, Community Health Options partnered with Firefly Health to offer virtual primary care to Members aged 18 and over. Each participant gets a virtual team—including a doctor, nurse practitioner, behavioral health specialist and health guide—who work together to manage care virtually and provide referrals for in-person care when necessary.

For people struggling to find a provider or fitting appointments into a busy schedule, an option like Firefly Health provides convenient and efficient access to primary care anytime, anywhere.

Firefly by the numbers

In its first year partnering with Community Health Options, Firefly achieved a 93% Member satisfaction rating.

43sec
average time to answer calls
95%
chats responded to within 24 hours
3days
timeframe to schedule a primary care appointment

Ease of access and quick appointments, amazing access to specialty care through referrals, and fast answers from nonmedical staff, quality providers.

Member with Firefly PCP

Really happy with the speed of replies, speed of appointments, access to care.

Member with Firefly PCP

Quality care from anywhere

Ariel developed severe pain in her ribs while visiting family over the holidays. She was hoping to avoid urgent care because she was pregnant, so she contacted her Firefly Health provider via chat. They were able to come up with a faster, easier and safer solution for Ariel without a visit to the doctors.
Video Placeholder

Health insurance, the way it should be

At Community Health Options, our purpose is simple: We provide Members with benefits they can actually use. We focus on helping our Members get access to the care they need while working to lower out-of-pocket costs. In 2024: Learn more about the benefits of virtual careRead Article

  • We introduced a $25 copay for labs at select NorDx and Quest locations and a $75 copay for X-rays at specified locations for almost all Large Group non-HSA plans. HSA Members have a copay or coinsurance after reaching their deductible. Learn more about saving through our Site of Service programs here.

  • We expanded alternative treatments by adding acupuncture benefits to all 2024 Large Group plans and select Individual and Small Group plans. 

  • We began providing coverage (with Prior Approval) for the Freestyle Libre or Dexcom Continuous Glucose Monitoring System and select GLP-1 medications for Members with diabetes. Details can be found on the company’s formulary. 

These benefits are also available to self-funded clients who choose to add them to their plans. 

Finding coverage where it counts
person comforting another by holding hands person comforting another by holding hands

When a home healthcare agency mistakenly ordered incorrect ostomy supplies, a Member began purchasing them herself online, incurring out-of-pocket expenses.

When her care manager found out, she assured her the supplies would be covered under her health plan and found three in-network suppliers to help her get what she needed.

A new plan administrator for CarePartners  

In 2024, in collaboration with MaineHealth, we became the new plan administrator for CarePartners, a program providing free or low-cost healthcare to low-income, uninsured adults.

Community Health Options provides enrollment cards that work similarly to health insurance cards. These cards reduce the stigma of being uninsured and give members access to health care services and certain prescription medications. View the Press Release.

CarePartners ... exemplifies the MaineHealth vision of working together so our communities are the healthiest in America. We appreciate Community Health Options for sharing our vision and helping our patients maintain access to affordable health care."

Dr. Andy Mueller
MaineHealth CEO

Our Care Team

Our People are Problem Solvers

Removing barriers, lowering costs

Our Medical Management, Care Management and Pharmacy teams work together to simplify healthcare for our Members. They remove barriers, connect Members with providers, and offer education and support, all while helping to lower out-of-pocket costs.

Keeping Members healthy at home

Only 7% of Members were readmitted to the hospital within 30 days of discharge, beating the National Commercial benchmark of 14.7%, and the Maine average of 13.8%.

Continuity of care

72% of Members discharged from in-patient behavioral health had successful follow-ups within 7 days.

Support for success

Of the over 1,000 Members with diabetes that our Care Team connected with, 54.8% got eye exams and 72.9% took their medications as prescribed.

Prompt processing

Of the more 24,000 Prior Approvals received in 2024, 99% were completed within the regulated timeframes, avoiding delays in care. 

Saving on scripts

Community Health Options paid more than 298,293 claims and saved Members $201,756 in out-of-pocket costs through its ScriptSaver program.

Site of Care

Community Health Options saved Members needing infusion therapy $744,775 through its innovative infusion Site of Care program.

Accredoin action

When a new Member discovered on the Friday before a holiday weekend that she'd need to use Accredo for her specialty medication, she was concerned about getting her next dose in time.

Fortunately, the Pharmacy team found her medication in stock locally and collaborated with Accredo to get the prescription filled within a few hours.

Wellness

Keeping Members Healthy
Costs Everyone Less

Community Health Options offers programs and tools to help Members achieve their wellness goals, no matter where they are on their health journey. Maine Nonprofits receive $50,000 in Wellness GrantsLearn More

Wellness Tools

Select plans include a digital wellness platform and mobile app through WellRight at no cost to Members aged 18 and older. Now in its second year, the program has gained traction with thousands of our Members having active accounts.

Wellness Grants

In 2024 we awarded $50,000 in Wellness Grants to 10 Maine nonprofit organizations, supporting programs that promote both physical and emotional well-being in communities across the state.

Each year, we’re inspired by the impact small organizations have across Maine and are privileged to play a small part in supporting these projects. 

Kevin Lewis
CEO and President

Putting people first: key partnerships for better care


Community Health Options builds strong partnerships to enhance access to care and to achieve cost savings for its Members. 

In 2024 key collaborations included a successful pilot with Twig Health, which utilized text, AI, and nurses to encourage A1C testing among Members at risk for high blood sugar. This program saw 49% participation, with half of those individuals immediately scheduling tests, leading to an expansion in 2025 to cover all aspects of diabetes care. 

Another partnership with a Maine-based practice focused on helping providers close care gaps for diabetic Members, resulting in 50% of contacted Members lowering their A1C levels. Additionally, our ongoing collaboration with Accredo, a specialty pharmacy, has saved Members $2.2 million on specialty medications through copay assistance programs, demonstrating Community Health Options' commitment to personalized care for complex and chronic conditions.

A breast cancer survivor's story
breast cancer survivor desktop breast cancer survivor desktop

After beating breast cancer, a Member without a PCP needed referrals for follow-up screenings and support for her health goals. Her care manager suggested virtual care through Firefly.

Weekly check-ins with a health guide led to a healthier lifestyle. When new health concerns arose, timely referrals for in-person treatment ensured prompt care. This reduced stress and improved her overall well-being, allowing her to stay focused at work.

Employer Groups

Helping Maine Businesses Thrive

Last year, we expanded our Large Group business throughout the state. Our focus is simple: keep employees healthy and their healthcare out-of-pocket costs low. Instead of continually refining our plans to make them more profitable, we’re focused on making them more practical, helping employers to reduce expenses, attract talent and improve the health and productivity of their workforce.

For Large Groups, we launched our 13-point Partner Promise with quantifiable, time-based commitments to ensure service-level guarantees for activities like high-cost claimant assistance, complex care support, new Member outreach, prescription cost reductions and wellness support. Recognizing that it’s about choice, we began offering customized cost sharing on plans for groups of 100+ enrolled employees.* 

With a 99% client satisfaction rate and 92% group retention, we are proud of the products and services we provide our clients.


Note: *Cost sharing customization is available on deductibles, maximum out-of-pocket, copays and coinsurance.

Verbally, I had several people nearby in our Portland site note how they felt really comforted about the meeting and your team and felt you were all very genuine and truly wanted to assist us and our members. Someone made a comment about how it felt like “the Maine way” of neighbors helping neighbors.

Employer Group Member

Very encouraged by that meeting - I think this is going to be a good partnership.

Employer Group Member

I'm SO EXCITED about Community Health Options!!! Thank you!!!

Employer Group Member
A Care Management connection
meeting meeting

A care manager connected with a Member who had spent five years searching for a therapist to address her PTSD.

Despite facing several obstacles in her search, the care manager directly contacted a local therapist and arranged an introduction. The personal approach enabled the Member to schedule her first appointment within a week.

Governance

Made for Members, Powered by Mainers

We do health insurance differently. 

As a Maine-based nonprofit health insurance company, we operate differently. We're not driven by shareholders or corporate bureaucracy. Instead, we're led by our Members. This allows us to prioritize our Members' health and well-being above all else, ensuring they get the care they need to say healthy. It's a simple idea, but one that sets us apart
in the often-complicated health insurance industry.

Community Health Options Welcomes New Board Members

“We are grateful that our Members took the opportunity to vote, choosing directors from across the state with a range of backgrounds who will help to shape the direction of our company and ensure we continue to provide the highest quality benefits to our Members.”

Kevin Lewis
CEO and President
Board Member: Martin Puckett

“At Community Health Options, we remain deeply committed to providing accessible, high-quality healthcare coverage for all Mainers. I'm proud to be part of a board that champions the well-being of our Members and supports the dedicated teams who make our work possible every day."

Board Member: Laurie Reed

“When I think about Community Health Options as a Board member and a subscriber, I am proud of the products and services we provide for individuals and employers. We are a local company, run by people living in our communities and this means that the needs of our communities are more clearly understood, and I believe you see that in our products and services.” 

Financials

Balance Sheet
as of December 31, 2024

Assets
Bonds $100,270,907
Cash, cash equivalents, and short-term investments $6,033,314
Subtotals, cash and invested assets $106,304,221
Investment income due and accrued $623,351
Premiums receivable $589,087
Accrued retrospective premiums and contracts subject to redetermination $436,000
Amounts recoverable from reinsurers $8,154,412
Amounts receivable relating to uninsured plans $196,596
Healthcare and other amounts receivable $7,954,359
Total Assets $124,258,026
Liabilities
Unpaid claims and claims adjustment expenses $32,989,629
Accrued medical incentive pool & bonus amounts $840,762
Aggregate health policy reserves $34,746,815
Premiums received in advance $3,946,481
General expenses due or accrued $5,715,138
Ceded reinsurance premiums payable $373,335
Amounts withheld or retained for the account of others $2,500
Liability for amounts held in uninsured plans $88,188
Other Liabilities $71,466
Total Liabilities $78,774,314
Capital and Surplus
Surplus notes $132,316,124
Unassigned deficit ($86,832,412)
Total Capital and Surplus $45,483,712
Total Liabilities, Capital and Surplus $124,258,026

Expand Chart