Welcome to Colorado Health Insurance Exchange News. This website helps Colorado health insurance consumers understand what their options will be as the various tenets of health care reform are rolled out.
Colorado’s health insurance exchange will be called Connect for Health Colorado will be a government-run entity which is to be in place no later than January 1st, 2014. Health Insurance Exchanges are part of the Affordable Care Act that President Obama signed the into law on March 23rd, 2010 and upheld by the US Supreme Court ruling on June 28th, 2012. The Obama administration gave conditional approval to Colorado’s health insurance exchange on December 10th, 2012.
The Affordable Care Act (ACA) creates state-based health insurance exchanges. Individuals and families and businesses with fewer than 100 employees can buy insurance through the state based exchanges. The Affordable Care Act hopes to lower health care costs for Colorado families and small businesses, potentially reducing the cost of family health insurance premiums by $1,510 – $2,160.
View sample rates for the Colorado Exchange’s Silver plans for individual/family plans or use the new premium subsidy calculator to see if you qualify for federal subsidies to reduce your premium costs for exchange plans. Subsidies are applied immediately so you only pay the net amount after the subsidy.
Colorado’s health insurance exchange should be operational this October of 2013. In the interim you can get instant online quotes, so you can easily see and compare rates on Colorado health insurance plans from all of Colorado’s leading health insurance companies.