By the Numbers
The numbers are in, and they are good! At the conclusion of our Open Enrollment Period for 2020 coverage, 166,850 Coloradans signed up for a private health insurance plan through Connect for Health Colorado®, our state’s non-profit health insurance Marketplace.
Seventy-four percent of those customers qualified for financial help to reduce the cost of their monthly premium.
The “By The Numbers” report confirms that Colorado’s Marketplaces is stable; and that there is continued demand for comprehensive individual market coverage.
The majority of enrollments, 80 percent, were returning consumers. New consumers comprised 20 percent of our enrollments and are an important indicator of our stability.
In 2020, the largest increases in enrollments came from rural counties.
Last year, residents saw statewide full-price rates drop 20 percent on average due to the state legislature passing HB19-1168, the Reinsurance Program.
The reinsurance program met its goal to provide the most substantial help to the costliest areas of our state.
According to the Colorado Health Institute full-price rates on the western slope, which had the highest premiums in the state, were lowered 30 percent.
Colorado 166,850 Enrollments
Dolores County 65 Enrollments
For consumers who received financial help:
Dolores County $712.74
Average Tax Credit
Dolores County $618.80
Average Net Premium
Dolores County $ 93.94
Last year, Coloradans received $721,326,548 in federal tax credits through the Marketplace. In Dolores County, consumers received $742,981 in financial help in 2019 to offset the cost of their private health insurance.
We responded to COVID-19. To help as many people as possible protect their health and safety during the COVID-19 outbreak, Connect for Health Colorado® opened a Special Enrollment Period (SEP) from March 20 through April 30.
During that SEP, 14,263 additional Coloradans signed up for comprehensive, private health insurance.
As always, and especially during these unusual times, we know our work is not finished.
Coloradans who have had a change in job, income or other life-changing event should contact Connect for Health Colorado to find what health care coverage and financial help could be available. We have local experts across the state to help. Check us out at www.ConnectforHealthCO.com