Colorado is one of a handful of states that has made several legislative attempts to create a single-payer healthcare system. However, these attempts have, up to this point, all been unsuccessful. For the foreseeable future, Coloradans will benefit just as much as everybody else from working with a trustworthy broker like Apollo Insurance Group. Read on to learn about health insurance in Colorado.
Quick Facts about Colorado Health Insurance
- -Colorado operates its own state-run marketplace, Connect for Health Colorado.
- -Open Enrollment for ACA plans will be from November 1, 2022 to January 15, 2023.
- -Off-Exchange plans can be purchased at any time.
- -Apollo Insurance Group can help broker plans from 11 different carriers.
How Health Insurance in Colorado Works
Colorado uses a state-run Marketplace, Connect for Health Colorado, as its health insurance exchange. There have been and are legislative pushes for single payer healthcare, but so far none have been able to pass. Plans purchased on Connect for Health Colorado are eligible for subsidies and cannot deny coverage due to preexisting conditions.
Off-Exchange plans include any plans that are not sold through Connect for Health Colorado. They are not eligible for subsidies and can deny coverage because of preexisting conditions. Due to these reasons, they tend to have lower premiums than Obamacare plans. With some exceptions, they can be purchased at any time of the year.
When to Sign Up for Colorado Health Insurance
Timing to sign up for health insurance in Colorado depends on the type of insurance that a person is signing up for. If they are signing up for an ACA plan, then they have to sign up during the Open Enrollment period. Open Enrollment is the time of the year that people can freely change their health insurance plans without any qualifiers. For 2023, OE will run from November 1, 2022 – January 15, 2023.
Outside of Open Enrollment, a person cannot change their ACA insurance plan without a Qualifying Life Event. Qualifying Life Events are a set of life changing circumstances that are considered drastic enough to allow a change in insurance. Click here for a full list of qualifying life events.
The only timing restrictions on enrolling in plans not purchased through Connect for Health Colorado are those enforced by the company carrying the insurance plan.
How to Sign Up for Health Insurance in Colorado
To start enrolling in a health insurance plan for Colorado simply fill out our quote form. We will help you start the process and find the right plan for you. Alternatively, call us in Denver at (720) 513-7880 to get help now. We have extensive experience helping find health insurance, so call us today!
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