Coloradans who get financial help buying health insurance through Connect for Health Colorado are paying an average 14 percent less in “net premium” – what they pay after assistance – compared to the average net premium in 2018, according to data released today.
Three of every four current Connect for Health Colorado customers qualify for financial help to reduce the monthly cost of health insurance. The average net premium for those Coloradans is
$117 per month, down from $136 per month last year.
“We are happy that we are able to make health insurance affordable for so many people,” said Kevin Patterson, Chief Executive Office of Connect for Health Colorado. “The number of our customers receiving help rose this year by seven percentage points, to 76 percent, an important increase. We know we have more work to do, and are committed to expanding our impact as we work with policy makers, our stakeholders and our customers throughout the state.”
The data are from the 2019 Open Enrollment Report released recently, which gives a detailed look at the two-and-a-half-month Open Enrollment period that ended on Jan. 15. More than 170,000 Coloradans signed up for health insurance through Connect for Health Colorado, the state’s health insurance Marketplace, during that period.
The more than 129,000 customers who are receiving financial help are getting, on average, a discount of more than 80 percent on the cost of the plans they chose, which average $661 a month. Customers not getting financial help are paying an average $500 per month for their coverage.
Connect 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.
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