Colorado Health Exchange Rates Released
Affordable Health Insurance
Starting next year, Coloradans who qualify for the state’s health benefit exchange will be able to find affordable rates, according to the Colorado Consumer Health Initiative (CCHI). The organization has released an analysis of the exchange program, which was created as a result of the Affordable Care Act.
Dede de Percin, CCHI executive director, said the exchange program is turning out to be what was promised under health reform.
“There’s been a lot in the press and a lot of hype about rate shock – that somehow the rates are going to be very high and unaffordable. We’re not seeing rate shock in Colorado, and this is consistent with what we’ve seen in the seven or eight other states that also had rates filed.”
Ten private insurers have submitted plans for the state’s health exchange. The rates are as little as $200 a month for individuals and $700 a month for families. Many people will also qualify for federal subsidies, which will reduce their monthly rates further. Enrollment for the plans starts in October and coverage begins in January 2014.
In addition to providing affordable health care for Coloradans, De Percin also predicted that access to insurance without going through an employer will empower people to take charge of their career.
“It’s an opportunity for really a much more entrepreneurial sort of state, right? Where you can leave a job, you can start a new company and know that you’re going to be able to get insurance, that when you’re ready to offer it to your employees there’s some subsidies.”
An estimated 800,000 people in the state currently lack health coverage.
Under the Affordable Care Act, nearly all uninsured Americans must get coverage by next year or face a penalty.
Information on the Colorado plans can be found at www.connectforhealthCO.com.