Contact: Monica Caballeros
Email: [email protected]
Denver— Connect for Health Colorado® Chief Executive Officer Kevin Patterson released the following statement on the Health Insurance Affordability Enterprise (Senate Bill 20-215) after the bill passed through the General Assembly:
“We’re excited to build on the successes of the reinsurance program with specific policies designed to help Coloradans who are still struggling to access coverage. It is more important than ever that we remove barriers to health care by providing portable and affordable coverage options. Connect for Health Colorado is ready to work as a partner on implementing these new solutions, and we’re proud to be a resource for our state partners as they develop solutions to address persistent gaps in health coverage and affordability.”
The Health Insurance Affordability Enterprise protects and expands financial help for health coverage and will be housed in the Division of Insurance. A board will oversee the enterprise fund, which would be allocated to:
1) Fund the reinsurance program.
2) Provide financial help to people with lower incomes whose net premium would increase as the individual market price for insurance decreases.
3) Set up a fund to provide financial help to people who do not otherwise qualify under Affordable Care Act rules (e.g. households who are not qualified because of the “family glitch”).
Connect for Health Colorado will work closely with state regulators to develop a full implementation plan for the Health Insurance Affordability Enterprise.
About Connect for Health Colorado
Connect for Health Colorado is a public, nonprofit entity established by the Colorado General Assembly in 2011 to create a health insurance marketplace. Since 2013, we’ve been helping individuals, families, and small employers compare plans, apply for financial help, and buy health insurance. As Colorado’s official health insurance marketplace, we are the only place to apply for financial help to lower the monthly cost of premiums. Customers can shop online; get help by phone or online chat from Customer Service Center representatives; and access expert, in-person help from a statewide network of certified Brokers and community-based Assisters. For more information: ConnectforHealthCO.com