Current Customers

 

Financial Help Still Available for 2018

Contrary to what you may have heard, financial help will be available for 2018. You may have also heard that the current administration has decided to end Cost-Sharing Reduction payments. These payments are reimbursements to health insurance companies. It does NOT eliminate Cost-Sharing Reductions for you.

 

In fact, many customers receiving financial help through Connect for Health Colorado will likely pay less in 2018 than in 2017. They will see the premium that they pay (full premium minus the Premium Tax Credit amount) go down by 20% on average in 2018.

 

Thank you for purchasing your health insurance through Connect for Health Colorado®! Open Enrollment began November 1st , which means your plan is up for renewal. Here is a simple explanation of the renewal process.

As a current customer, you have three options:

  1. Renew Your Plan

  2. Shop for a New Plan

  3. Go Without Coverage

Important Dates

We are currently in the Open Enrollment Period – the one window of time each year in which Coloradans applying for private health insurance are allowed to shop for a new plan, without a qualifying Life Change Event. To ensure your coverage starts January 1, 2018, be sure to renew or buy a new plan before December 15, 2017.

01
Nov
Open Enrollment for 2018 coverage begins
15
Dec
Last day to enroll for coverage starting on January 1, 2018
12
Jan
Last day to enroll for 2018 coverage

Things to Think about Before You Renew

Are you leaving money on the table?

Many Coloradans assume they make too much to qualify for financial help. You may be surprised! In fact, Coloradans saved an average of $369 per month on their 2017 premiums. Depending on your income and family size, you may qualify for Premium Tax Credits and Cost-Sharing Reductions to lower your costs. And remember, when premiums increase so does your financial help! Check out our Quick Cost Plan Finder Tool to see how much you could save.

Graph: Eligibility for financial help based on household size and annual income

Estimate Your Savings - You May Be Surprised!

Did your income change?

If you received a tax credit last year and your income has changed, you should get an updated tax credit estimate as you compare new plans. It’s easy! Just visit the Quick Cost Plan Finder Tool. You can make changes to your income when you log into your account to renew or shop for a new plan. If you did not receive financial help last year, check to see if you now qualify.

Estimate Your Savings & Compare Plans

It pays to shop!

Because plans, prices and networks change every year, it is important to make sure the plan up for renewal still meets your healthcare needs and budget. You may be able to find lower priced plans, even with your same health insurance company. If you need help navigating through the plans or re-enrolling in a new plan, schedule an appointment with one of our certified Brokers. Hurry though – appointments for Open Enrollment fill up quickly.

Explore our Health Insurance Resources

Health insurance can seem complex and confusing, so we’ve put together a variety of resources to help you feel more confident buying and using your health insurance.

Three Options as Current Customers

1. Renew Your Plan

You may be eligible to auto-renew if:

    • Your health insurance company is offering the same plan as last year
    • Your household income and size is the same
    • You want to continue with the same plan

In this case, we will auto-renew you in the same policy. The only thing you have to do is pay your first month’s premium by December 25 and your 2018 coverage will start on January 1. (Your health insurance company will bill you for the premium.) Be sure to confirm with your health insurance company that your doctors and medications are still covered.

2. Shop for a New Plan

If your insurance company isn’t offering the same plan, or if you want a different one, you can compare plans to find the one that best meets your health and financial needs. In some cases, if there is a plan that is close to your old one, we have suggested a plan in your account for your review. It is always a good idea to shop. Use our Quick Cost & Plan Finder to:

    • Check your eligibility for financial help in the form of a Premium Tax Credit and Cost-Sharing Reductions
    • Estimate your total out-of-pocket costs
    • Compare plans and pricing for 2018

Remember to complete enrollment by December 15th for your coverage to begin on January 1st and avoid any gap in coverage.

3. Go without 2018 Coverage

Beware that your health and finances are at risk if you go without health insurance — a broken bone on the basketball court can set you back $7,000. If the cost of the monthly premiums is holding you back, remember that as premiums increase, so does the amount of financial help, if you qualify. Don’t leave money on the table. Use our Quick Cost & Plan Finder see how much you could save.

 

Other Helpful Links

Worried about Your Coverage for 2018? Get the Latest on the Future of Health Coverage Talk to an Expert For Free 6 Questions to Ask Before You Buy Health Insurance Health Insurance 101