“Connect for Health Colorado Press Release: Competition in Colorado’s health insurance industry has triggered significant plan and price changes for individuals and families who buy private insurance through Connect for Health Colorado. Coloradans will have more choices in health plans for next year. And, there are less-expensive options in most areas for 2015.
Because the cost of that Silver-level plan has dropped in almost every region of the state – so will the average financial assistance levels in 2015 for those who qualify. That means many people who stay with their current coverage will see their share of the monthly premium go up. A change in income or household size will also affect the amount of financial assistance. We suggest that all current customers – especially current customers receiving financial assistance – shop and compare new plans and prices before deciding whether to renew their current plans. There likely are less expensive choices that meet their health and budget needs – often with their same carrier.
Open enrollment will be from November 15, 2014, to February 15, 2015. Whether you are renewing or enrolling for the first time, you must complete enrollment by December 15, 2014, to have coverage January 1, 2015, and avoid a gap in your coverage. Click here for more information from Connect for Health Colorado about what’s changing in 2015 health insurance coverage and what Coloradans need to know.” [Source: Connect for Health Colorado]
Click here to view an article in Health News Colorado about how tax subsidies are declining with the lower costs.
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