SCC names head of Va. Health Benefit Exchange

Victoria I. Savoy joins new state-based health insurance exchange

Published August 31, 2020 by Sydney Lake

The State Corporation Commission (SCC) announced Monday it has appointed Victoria I. Savoy to direct the Virginia Health Benefit Exchange — a new state-based health insurance exchange for individuals and small businesses set to start later this year. 

The Virginia Health Benefit Exchange was established by the 2020 Virginia General Assembly to operate as a new SCC division. It will operate on the federal exchange, HealthCare.gov. Open enrollment to select a Virginia health plan for 2021 will begin Nov. 1. The program is expected to transition to a full state-based exchange by plan year 2023. 

The Virginia Exchange will be operated by Savoy and a 15-member advisory committee that will provide recommendations to the commission and carry out the duties of the exchange. 

Savoy was most recently the assistant dean for finance and administration for the School of Pharmacy at Virginia Commonwealth University. She will return to the SCC on Sept. 21 after 13 years of working in higher education. During her time with the SCC, Savoy served as the assistant deputy commissioner of the life and health section of the SCC’s Bureau of Insurance and was the chief financial auditor in the bureau’s financial regulation section.

The certified public accountant earned her bachelor’s degree in accounting from Virginia Tech and her master’s degree in the management of information technology from the University of Virginia.