Ed Sealover, Denver Business Journal
Premiums for individual health-insurance policies are rising by as much as 41 percent in Colorado next year as four insurers flee all or some markets in the state, though small-group policies purchased by employers are seeing smaller hikes or even price decreases, according to figures released Monday by the Colorado Division of Insurance.
While UnitedHealthcare and Humana Insurance already announced that they would not offer individual plans in Colorado next year — actions that affected about 20,000 consumers combined — Colorado Insurance CommissionerMarguerite Salazar said Monday that Rocky Mountain Health Plans and Anthem Blue Cross and Blue Shield of Colorado also are dropping coverage in some regions. That will force another 72,310 people to look for a new carriers.
Meanwhile, Adam Fox, director of strategic engagement for the Colorado Consumer Health Initiative, said insurance will still be available on the Connect for Health Colorado exchange from at least one carrier in all locations in the state, despite the pullout of some companies from the individual market. Customers that qualify for offsetting tax credits can expect to get similar subsidies to cover a portion of their plan costs.
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