April 10, 2017
Contact: Luke Clarke 720-496-2545
DENVER – The average household savings on health insurance purchased through Connect for Health Colorado® this year is $369 a month, according to an analysis released today by the state health insurance marketplace, up from an average $294 a month last year.
The savings come in the form of a federal tax credit applied to monthly insurance premiums for qualifying individuals and families who enroll in health insurance through Connect for Health Colorado®.
Overall, Coloradans received $318 million in tax credits in 2016.
Today’s report includes a county-level look at average premiums and tax credits for 2017. It covers enrollments during the three-month open enrollment period (Nov. 1, 2016-Jan. 31, 2017), as well as the “special enrollment period” that extended through March 2 for many Coloradans whose 2016 coverage was not available for 2017.
Customers selected 178,415 medical and/or dental plans through Connect for Health Colorado (including 174,678 medical) in the period between Nov. 1, 2016, and March 2, 2017, according to the detailed report published on the Connect for Health Colorado web site.
“The impact our financial assistance program has in helping Coloradans protect their health and finances is clear in this report,” said Kevin Patterson, Connect for Health Colorado CEO. “We could not achieve this success without the help of our partners – in particular our Assistance Network, our licensed Brokers and our insurance company partners who support our mission to increase access, affordability and choice in health coverage for our state.”
A network of 961 certified brokers, 110 Health Coverage Guides and 290 Certified Application Counselors worked to assist Coloradans enrolling in healthcare coverage with seven health insurance carriers through the state marketplace.
Average tax credit by county: click here.
Enrollment by county: click here.
About Connect for Health Colorado
Connect for Health Colorado is a public, non-profit entity established in law 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 apply for tax credits to help make their insurance more affordable. Customers can shop online; get help by phone or chat from expert Customer Service Center representatives; and find in-person assistance from certified brokers and agents, community based certified Health Coverage Guides or Certified Application Counselors. For more information: www.connectforhealthco.com