Remaining Non-ACA Compliant Health Insurance Plans Will End in 2015

“The Colorado Division of Insurance (DOI) announced that all health insurance plans for individuals and small employers that do not meet Affordable Care Act (ACA) requirements will not continue into 2016 (note: this decision does not impact grandfathered plans, defined by the ACA as plans with an effective date prior to March 23, 2010). This means that insurance companies will not continue to offer these plans and consumers will not be able to renew these plans. For 2016, individuals and small employers that are not enrolled in grandfathered plans must enroll in ACA-compliant plans in order to receive coverage. Based on a survey of health insurance carriers the DOI conducted earlier this year and reflective of enrollment as of Dec. 31, 2014, 189,779 people will have their non-ACA compliant individual or small group plans discontinued by the end of 2015, and will have to choose a new ACA-compliant plan for 2016.

Insurance companies will notify all of their individuals and small employers who hold non-ACA compliant plans of the discontinuation. These notices must contain information about all available options; whether or not the company will offer plans that meet ACA requirements; finding ACA-compliant plans offered through Connect for Health Colorado; and the ability to purchase plans from other insurance companies. Additional information, including FAQs, can be found on Colorado.gov/health or by contacting the DOI Consumer Affairs at 303-894-7490 / 1- 800-930-3745 (outside the Denver metro area) or email questions to insurance@dora.state.co.us.” [Source: DOI]