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Colorado Division of Insurance Releases 2019 Health Plans and Rates

The press release from the Division of Insurance has some good news for purchasers of individual and small group health insurance plans. A stabilizing market brings average increases for individuals of 5.6 percent, compared with last year’s average increase of 32 percent. In the small group market (health plans for small employers with two to 100 employees), the average increase will be 7.28 percent.

Interim Insurance Commissioner Michael Conway declared, “The 2019 premiums are the lowest we’ve approved in years, with minimal increases and, in some cases, decreases.  This is a dramatic change from last year’s severe increases, which were exacerbated by instability at the federal level and the Trump administration’s last-minute decision to cut off cost-sharing reduction payments.”

“For this year’s open enrollment, it’s critical that people take some time to shop and compare the plans to see what can best fit their health and financial needs. There really are savings to be had for many if they take the time to look,” said Commissioner Conway.

For more details, tables and charts read the Division’s Press Release

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HCCA, publishers of the Colorado Managed Care Newsletter, began reporting on the financing of healthcare in Colorado in December of 1983. As we begin our 34th year, we are grateful for the opportunity to be one of your sources of information in this ever-changing, healthcare market.