Fee increase for Colorado health insurance exchange has been approved

health insurance exchange
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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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Health insurance companies will pay for exchange participation

Health insurance plan

The Obama administration has announced that insurers will be charged to sell from the online marketplaces. On Friday, the Obama administration announced that health insurance companies will now need to pay in order to participate in the online exchanges so that they can sell their plans to the millions of American individuals, families, and small businesses who will be using the marketplace. The “user fees” are designed to help to pay for the cost of creating and operating the exchanges. Unfortunately, the primary concern is that the cost of the…

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