Contact: Monica Caballeros, [email protected], 720-496-2574
Denver — Connect for Health Colorado® Chief Executive Officer Kevin Patterson released the following statement in response to the Colorado Division of Insurance (DOI) releasing preliminary 2021 rate filings:
“I’m encouraged by the stability that these preliminary health insurance plan prices suggest we will see next year. With a global health crisis and job loss in Colorado at an all-time high, it is more important than ever that our customers have affordable and portable coverage options next year. We are here to help Coloradans apply and find affordable coverage through our Marketplace.”
The DOI announced that health insurance rates (premiums) in the individual market (non-employer coverage) will increase an average of 2.2% statewide. The proposed 2021 rate increase would be the lowest percentage increase since the health insurance Marketplace opened in 2013. Rates are preliminary and are subject to change.
Insurance companies must submit the rates that they want to charge consumers, in addition to any insurance plan changes, to the DOI annually. Connect for Health Colorado receives the approved plan costs and benefits from the DOI.
Connect for Health Colorado’s statewide network of enrollment experts can directly help residents navigate changes in plans and costs specific to their community. Our Quick Cost and Plan Finder tool allows users to factor in health care costs beyond the premium and calculates an estimate of total yearly costs, to help residents make an informed decision while shopping.
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