Colorado auto insurance study shows drivers in the state aren’t good

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Motorists in the state are prone to a spectrum of bad habits that make the roads more dangerous. Colorado auto insurance isn’t cheap and for years, people have said the drivers in the state are simply awful. That said, those types of complaints are commonplace in many states. However a recent study has shown that the claims about driving in Colorado may not be wrong. The traffic jams, winter blizzards and potholes in the spring aren’t the only challenge to drivers in Colorado. A new study by QuoteWizard has shown…

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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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Colorado health insurance co-op closes its doors

Colorado Health Insurance

State’s co-op has failed to challenge and order to cease operations Colorado’s largest not-for-profit health insurance provider closed its doors earlier this week. Colorado HealthOP, the state’s co-op set up under the Affordable Care Act, did attempt to save itself from the state’s decision to shut it down, but was ultimately unsuccessful in the attempt. The Colorado Division of Insurance has ordered the co-op to stop writing new policies, citing serious financial issues that the insurer has been facing. The state’s co-op is one of several that will be shutting…

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Colorado could revolutionize its health insurance system with a single-payer initiative

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State residents will have a chance to change how they get their insurance coverage Colorado residents will soon have a chance to determine how their health care in managed. Colorado’s Initiative 20, also referred to as ColoradoCare, aims to make major changes to how consumers receive their health insurance coverage, and it could have significant implications for the state’s insurance exchange. The initiative aims to establish a single-payer system, which involves the government, rather than private insurers, covering the cost of health care. While many have supported such a system,…

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More people in Colorado are finding it difficult to pay for their health insurance

Colorado Health Insurance

More people have insurance coverage, but fewer people can afford their policies The number of people in Colorado with health insurance has been growing steadily, but so too is the number of people that cannot afford their coverage. During the state’s annual Health Summit, Jeff Bontrager, direct of research on coverage and accessibility with the Colorado Health Institute, noted that insurance premiums are becoming a major problem for consumers. This is becoming a troubling trend that many other states across the country are also experiencing. Affordable Care Act has lead…

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Fee increase for Colorado health insurance exchange has been approved

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State’s exchange has increased its fees as a way to generate more revenue Colorado’s health insurance exchange has raised its fees. The exchange’s board of directors had been considering raising fees in order to make the exchange more sustainable and financially secure. The fees will be paid by all those that are purchasing insurance coverage through the exchange and those that already have policies from the exchange as well. The fee increase may be somewhat modest for most consumers, but could translate into much higher revenue for the exchange itself.…

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Colorado continues to improve its health insurance exchange

Colorado Health Insurance

State is working to address the issues with the enrollment system of its health insurance exchange Colorado has been working to fix its health insurance exchange, with efforts to do so going well, according to exchange officials. The exchange’s online enrollment system has struggled to serve consumers in the state for some time, making it difficult for people to sign up for the insurance coverage they are interested in. Fixes to the exchange could be delayed, however, as the exchange’s  technology chief, Proteus Duxbury, recently departed for another position. Adele…

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Colorado health insurance exchange may get higher fees

Colorado Health Insurance

Connect for Health Colorado board members consider raising fee on individual policies Insurance costs for policies sold through Colorado’s health insurance exchange could be growing. Connect for Health Colorado board members, whom manage the exchange, are currently considering increasing a fee on individual health plans in order to raise money next year. The fee that is currently in place is meant to provide funding for the exchange’s operations, ensuring that it is a solvent business. Board members believe that the fee is too low, however, which may lead to financial…

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Colorado health insurance exchange will receive more oversight

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Committee will place the state’s insurance exchange under greater scrutiny Colorado’s health insurance exchange, called Connect for Health Colorado, may receive more oversight from its regulatory committee. The state Senate has passed legislation that will change the oversight committee’s name and will expand its ability to review the state’s insurance exchange during the legislative sessions. The committee’s new name will be the Colorado Health Insurance Exchange Oversight Committee, and the group will be able to meet as many times as it wants during the legislative session. There is a need…

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Bill targeting Colorado health insurance exchange has been defeated

Colorado Health Insurance

Legislation sought to repeal the state’s insurance exchange by January 2016 A bill that would have repealed the Colorado health insurance exchange, called Connect For Health Colorado, has been defeated by the state’s House Health, Insurance, and Environment Committee. The legislation — House Bill 1066 — was meant to dismantle the exchange, putting an end to the market place on January 1, 2016. The legislation would have also tasked any unused funds from the exchange to be funneled into the state’s general fund. Supporters of the bill claim that the…

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