LITTLE ROCK — Arkansas Senate President Pro Tem Michael Lamoureux, R-Russellville, said Monday he has appointed three people to the board of the Arkansas Health Insurance Marketplace.
The appointees are Steve Faris of Hot Springs, a member of the state Lottery Commission, general manager of Central Arkansas Telephone Cooperative in Bismarck and a former state legislator; Fred Bean of Little Rock, president of Bean Hamilton Corporate Benefits; and John Denery of Little Rock, executive vice president and director of life and health for Stephens Insurance.
Faris will resign from the Lottery Commission on July 31, according to the Senate Information Office.
Act 1500 of this year creates the Arkansas Health Insurance Marketplace, an exchange where people and small businesses can shop for health insurance plans that suit their needs. An exchange is required in every state under the federal Affordable Care Act.
Under Act 1500, the Senate president pro tem, the House speaker and the governor each make three appointments to the exchange’s board. Lamoureux’s appointments are the first to the panel, which will hire an executive director and staff.
The law requires that one of the Senate president pro tem’s appointees must be representative of a health insurer and one must be representative of small employers. Bean will fulfill the former requirement and Faris the latter, according to Lamoureux.
Faris was appointed to an eight-year term, Bean to a six-year term and Denery to a four-year term. Future appointments will be for six-year terms.
Enrollment in the exchange is to begin Oct. 1 and coverage is to begin Jan. 1.