There's no upside to searching for a Colorado health insurance policy on your own. The premium is the same whether you use a broker or not, and we can help you find the right plan either through the exchange - Connect for Health Colorado - or from one of the carriers that's offering plans outside the exchange. We can help you figure out whether on- or off-exchange is a better option for your situation (there's more to it than just subsidies), and will assist you with the application process. Once you have a plan in place, we can also help you with any issues that arise, serving as a go-between for you, the insurance carrier and Connect for Health Colorado.
A lot has changed in the individual health insurance market in the last year, in Colorado and across the country. The Affordable Care Act has reformed the market and added numerous consumer protections, but it's also changed everything about the way people shop for health insurance.
Open enrollment is a big part of the equation now; individual health insurance now mirrors group coverage in that it's only available during an annual open enrollment window. For 2015 policies, the open enrollment period starts on November 15, 2014 and goes until February 15, 2015. After that date, you'll only be able to get an individual plan in 2015 if you have a qualifying event (loss of coverage, birth or adoption of a child, marriage, etc.)
The reason applications have to be limited to open enrollment periods is because all major medical policies are now guaranteed issue. Pre-existing conditions are no longer a barrier to enrollment, and medical history is not used to determine premiums. This is excellent news for anyone who has struggled to get a plan in the private market in the past, and should help to encourage entrepreneurs to follow their dreams, knowing that they can obtain health insurance in the individual market regardless of their medical history.
In addition, advance premium tax credits (subsidies) are available to people with incomes up to 400% of poverty level (about $79,160 for a family of three) who do not have access to employer-sponsored coverage. These tax credits are paid directly to the insurance carrier, reducing the amount you have to pay in premiums each month.
Our focus is on staying informed and current on the ever-evolving reform process so that we can provide you with accurate information and advice. There is never a charge for our services, and we look forward to helping you find the coverage that best fits your needs.