DENVER – The Open
Enrollment period to purchase health insurance for 2020 kicks off Friday, Nov.
1, with rates lower across the board for the first time since the Marketplace
opened for business in 2013. And while rates are lower, Connect for Health
Colorado® strongly encourages all customers to compare their plan options
before making a selection.
the complexities of how the tax credit is calculated, customers who qualify for
financial help will likely see a decrease in the dollar amount of assistance. It’s
important to know that customers who qualify for financial help can reduce
premiums an average of eight to 19 percent by switching to the lowest-cost plan
available in their current coverage level.
is of utmost importance to us because our customers continue to share their
concerns and struggles with affording health care. It’s our job to make sure
everyone knows the importance of comparing their plan options in order to see
the substantial savings that are available in the new year,” said Chief
Executive Officer Kevin Patterson. “No matter how people prefer to shop or
which part of the state they live in, we are here to help connect them to the resources
percent of customers receiving financial help can purchase a plan in 2020 for
$50 per month or less. During the enrollment period, an individual earning up
to almost $50,000, and a family of four with an annual income of up to
$103,000, can qualify for financial help through the Marketplace.
are eight health insurance companies offering a total of 130 health plans
through the Marketplace in 2020. Consumers may see greater plan selection among
Silver plans and expanded Bronze plans in comparison to 2019. One new carrier,
Oscar, will offer plans to residents in the Denver area. Peak Health Alliance will
also offer plans via Bright Health to Summit County residents starting in 2020.
83 percent of current enrollees live in
counties in which three or more carriers are offering plans in 2020.
Enrollment runs from Nov. 1, 2019, to
Jan. 15, 2020. Consumers must enroll by Dec. 15 to have coverage in
place by Jan. 1, 2020.
About Connect for Health Colorado
for Health Colorado is a public, non-profit 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