by Matt Valeta, Health Policy Analyst
Today Colorado’s Division of Insurance released an initial summary of the approved rates and plans in Connect for Health Colorado, our state’s new health insurance marketplace. We hope to have more detailed information in the coming days, but here is what we have of the finalized rates so far.
In total there are 242 plans, 150 in the individual market and 92 in the small group market. Here is the breakdown of what kinds of plans are in the marketplace:
The Division of Insurance also released this range of plan rates for a 27-year-old non-smoker. These represent the range in premiums for the entire state. The plans could have a variety of deductibles, co-payments and out-of-pocket maximums.
Check out the range of rates:
Individual Plans
Small Group Plans
Don’t forget, the rates that you see are rarely the rates that you will pay. Connect for Health Colorado is the only place you can qualify for financial assistance to help lower your monthly premiums. Here is a breakdown of how tax subsidies will apply to a 27-year-old non-smoker purchasing a silver level plan.
Projected tax credits for lowest cost silver level plan for 27-year-old non-smoker:
Projected tax credits for highest cost silver level plan for 27-year-old non-smoker:
Read the report from the Division of Insurance for yourself:
CCHI will continue to post more information about rates in Connect for Health Colorado as it becomes available. Check out some of our previous analysis below:
- Individual Silver Plans
- Family Silver Plans
- Individual Bronze Plans
- Individual Catastrophic Plans
- Small Group Plans