FOR IMMEDIATE RELEASE
Oct 13, 2017
Contact: Luke Clarke 720-496-2545
DENVER —The day after the White House announced that it would end payments to health insurance companies to cover Cost Share Reductions, Connect for Health Colorado® CEO Kevin Patterson said the state’s health insurance Marketplace is ready to support continued enrollments and financial help to qualifying Colorado residents.
“While this news brings a disruption to the individual health insurance market on the eve of Open Enrollment, I want everyone to understand that Connect for Health Colorado remains ready to assist Coloradans who buy their own insurance.,” Patterson said. “With the rate increases that we see because of this decision, the assistance available to folks who buy coverage through us goes up. Many of our customers will see their net monthly premium cost go down next year by 20 percent, on average, below what they paid this year.”
“We have been working with the state Division of Insurance in preparing for this contingency. We are moving forward with our stakeholders toward the planned November 1, 2017-January 12, 2018, Open Enrollment Period.
“I want to further reassure the 45,000 Connect for Health Colorado customers whose co-pays and deductibles are reduced by the Cost Share Reduction program that they will not see their costs go up. The brunt of the burden of Thursday’s action is borne by our health insurance company partners.”
About Connect for Health Colorado
Connect for Health Colorado is a public, non-profit entity established by the Colorado General Assembly in 2011 to create a health insurance Marketplace. It opened for business on Oct. 1, 2013, for individuals, families and small employers to compare and buy health insurance and is the only place to apply for financial assistance in the form of tax credits to help lower the monthly cost of premiums. Customers can shop online; get help by phone or online chat from Customer Service Center representatives; and access free, in-person assistance from a statewide network of certified Brokers, community-based Health Coverage Guides or Application Counselors. For more information: www.connectforhealthco.com