Humana is leaving Colorado’s small business health insurance market

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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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Colorado health insurance coverage must now include transgender care

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The state announced that medical policies must cover gender confirmation care for transgender people. State officials in Colorado have announced that as of 2023, health insurance coverage in the state must include gender-confirmation care for transgender patients. The change has received the federal government’s approval, referring to it as a “landmark step.” The federal government has called this change a “landmark step” in addressing health insurance coverage disparities. The state’s change means that private care plans must cover gender confirmation surgery, hormone therapy, and facial surgery for transgender people. “This…

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Governor Polis announces massive Colorado health insurance exchange premiums drop

Colorado Health Insurance Exchange - Healthcare money

Across the state, consumers will experience an average cost reduction of 18.2 percent on plans. Governor Jared Polis recently announced a tremendous 18.2 percent average Colorado health insurance exchange premiums reduction for 2020. This will apply to state residents who purchase theirhealth plans through the Affordable Care Act marketplace. This is expected to provide over 200,000 Colorado residents with premiums relief. This premiums reduction affects only consumers who purchase their coverage through the Colorado health insurance exchange. It does not impact those who receive their coverage from the government or…

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Colorado health insurance will continue to protect those with pre-existing conditions

Colorado health insurance continues to protect those with pre-existing conditions - man in wheelchair

As Americans across the country return to struggling for coverage, Coloradans will be spared. Colorado health insurance will maintain its coverage of individuals with pre-existing conditions, despite the Trump administration’s recent moves. The president shocked the health care industry earlier this month when the Department of Justice announced it wouldn’t be defending certain central components in the Affordable Care Act. This announcement may mean that Americans with pre-existing conditions could once again lose coverage. That said, Colorado health insurance law will make certain that residents of the state will continue…

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Colorado health insurance registrations up 29 percent over last year’s enrollment

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State residents are steadily continuing to sign up for their coverage under the Affordable Care Act. Colorado health insurance enrollment is performing considerably better than it was at this time in 2016. Despite a temporary slow down near the end of November, the Affordable Care Act in the state is still seeing far more registrations than had been the case last year. Even with the slowing, the enrollment pace is still significantly faster than was seen in 2016. According to Colorado health insurance data from November, almost 44,000 state residents…

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Colorado insurance commissioner points finger at Trump administration for massive rate hikes

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Marguerite Salazar says that uncertainty generated by the president led to the 27 percent rate hike requests. Colorado Insurance Commissioner Marguerite Salazar’s department received requests for 27 percent rate hikes in the individual market and 7.3 percent for small group. The commissioner is not happy and blames the Trump administration for the uncertainty they’ve created within the market. Salazar said the games played by the Trump administration have caused the health insurance market to become unstable. The result of these actions, said the Colorado insurance commissioner, was huge 2018 rate…

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Higher health insurance costs are creating pressure for Colorado employers

Colorado Health Insurance

Survey highlights the concerns that Colorado businesses are reporting with costly health insurance plans Growing insurance costs are weighing heavily on businesses in Colorado, according to a new survey from Lockton Mountain West Benefit Group. The survey has found that many businesses are becoming increasingly concerned over the rising of health insurance premiums. Those that offer insurance coverage to their employers have been hit with rate increases over the past few years, largely a due to the costs that insurance companies themselves are facing. Cost is the single greatest concern…

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