Health insurance rates will be higher for Colorado residents next year

Health insurance rates - medical insurance plan

State residents buying their coverage through the state exchange will see higher prices for 2023. Residents of Colorado are seeing higher health insurance rates for 2023 when they shop for their coverage on the state exchange instead of receiving their plans through their employers. The average increase is 10.4 percent across all plans, while employers are also seeing increases. Health insurance rates are rising by 7.4 percent for small employers who have up to 100 workers. The state took longer than usual to announce their final figures for 2023 but…

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Federal health insurance marketplace gives preview of Open Enrollment offerings

Health insurance marketplace - Keyboard

The Biden-Harris Administration is allowing for some window-shopping for US consumers. The 10th Open Enrollment period for the health insurance marketplace will begin tomorrow, but US consumers can check out what will be available early, with window shopping for plan choice, affordability and quality. The federal exchange officially starts accepting enrollments tomorrow, but today you can have a look. Consumers can head to the health insurance marketplace to preview the options available to them and to consider which coverage best suits their needs and where they can save money. The…

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Humana is leaving Colorado’s small business health insurance market

Health Insurance - Exit Sign

The insurer has announced that it will be exiting the employer group marketplace within 18 months. Small business health insurance provider Humana has announced that it will be stepping out of the state’s employer group market within the next 18 months. The announcement was first made in a letter the insurer issued to brokers and agents in the state. While the letter was a formal announcement to the brokers and agents who sell Humana’s health insurance policies, at the time this article was written, the insurer had yet to officially…

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Uninsured rates are low in the US but health care costs continue to be burdensome

Health care costs - US - Money - Calculator

A new Commonwealth Fund study showed that underinsurance remains a strong concern. The Commonwealth Fund has released the results of a new study which found that health care costs remain a serious burden to working-age adults, even though many had insurance coverage. The study showed that 43 percent of adults had inadequate coverage despite having a plan. Even though many of the working-age adults who took part in the study had insurance, 43 percent of them were considered to be underinsured, meaning that health care costs were still a financial…

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More kids have health insurance now than before the pandemic

American Health insurance - Kids

Coverage levels rose throughout the COVID-19 pandemic, likely due to a congressional provision. The percentage of American children who didn’t have health insurance coverage decreased notably throughout the pandemic, likely due to a congressional provision that stopped states from dropping anyone with Medicaid throughout the worst of it. The uninsurance rate among children in 2021 was 5.4 percent compared with 5.7 percent in 2019. The year before the pandemic struck, the percentage of kids without health insurance coverage was 5.7 percent. That figure fell to 5.4 percent last year, already…

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Most Americans think US healthcare could be better handled

US healthcare - American Flag - Medical

According to a poll, this sentiment is particularly strong when it comes to care for older adults. Less than half of Americans feel that the US healthcare system is being handled well, according to the results of a new poll conducted by The Associated Press-NORC Center for Public Affairs Research. Less than half of the survey participants said they felt that they were satisfied with the way it is managed. Among the survey respondents, only a tiny 12 percent said that they felt US healthcare was handled very well or…

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7 percent of Illinois residents are without health insurance

Health insurance - Illinois Sign

New US census data shows that state uninsured rates climbed just slightly between 2020 and 2021. Last year in Illinois, 7 percent of residents were without health insurance coverage, according to recently released data from the US Census. This number represents about 875,000 people across the state who don’t have medical coverage. When compared to 2020, this represented a slight increase in the number of people who didn’t have health insurance. That year, the uninsured rate in the state was about 6.8 percent. That said, the margin of error this…

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