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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Fee increase for Colorado health insurance exchange has been approved
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.…
Read MoreColorado continues to improve its health insurance exchange
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…
Read MoreColorado health insurance exchange may get higher fees
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…
Read MoreColorado health insurance exchange will receive more oversight
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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