Colorado health insurance exchange is finding early success

Colorado Health Insurance

Enrollment in state’s insurance exchange is outpacing last year’s enrollment rate Enrollment in Colorado’s health insurance exchange is already higher than it was during last year’s open enrollment period. Last year, the state’s insurance exchange had struggled to operate effectively due to severe technical difficulties. These complications made it impossible for some people to enroll for insurance coverage. There were also issues regarding awareness among consumers. Many people simply did not know that the exchange offered them health insurance coverage, while others had no idea how to use the exchange.…

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State-run health insurance exchanges may lack funds

Colorado Health Insurance

Exchanges in some states do not have the access to financial resources they need to remain stable Some states may not have the money they need to operate their own health insurance exchanges. The Affordable Care Act gave states throughout the country the opportunity to build and operate their own insurance exchanges, but only 14 opted to do so. The federal government provided billions of dollars in funding to help exchanges take form in these states, but these exchanges also need to be self-sufficient and operate as effective and profitable…

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Insurance rates in Colorado receive approval for increase

insurance rates rise

Regulators have now given their permission to increase premiums by 1 percent. Colorado state regulators have now given their approval to raise the insurance rates for over 1,000 different health plans that are being offered by more than 20 different carriers, for 2015. Though not all of those plans will see increased rates, the average will be a very slight premiums rise. When compared to the previous year, the insurance rates will be increasing by an average of 1.18 percent, next year. The areas that typically face the highest health…

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Many drivers in Colorado lack auto insurance

georgia auto insurance news

Lack of insurance coverage is becoming a problem that needs attention Auto insurance is a problem in Colorado. The number of uninsured drivers on the state’s roadways is growing every year and this is a significant issue when considering the frequency of vehicular accidents. It is likely that a single driver will be involved in as many as four accidents during their life. In most cases, auto insurance coverage will handle the issue relatively quickly. Accidents become significantly more complicated if the other party does not have insurance coverage. One…

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Auto insurance is not covering 1 in 6 drivers in Colorado

auto insurance car

The number of motorists in the state who are uninsured is already considerable and now it is growing. According to recent statistics, the number of drivers who are using their vehicles along the streets and highways in Colorado but who do not have auto insurance policies is high and it is growing. Insurance industry stats say drivers will be in three to four crashes in their driving years, making coverage critical. These statistics cover everything from tiny fender benders to massive multi-vehicle pileups. When in Colorado, this situation becomes even…

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