Friday Health Plans, Inc., the parent company of Friday Health Plan of Colorado, ,Inc. (HMO), has announced that it will begin to wind down its business activities throughout the country, working in close conjunction with state regulators, including the Colorado Division of Insurance.
In recent months, it became apparent that the parent company would need to raise substantial capital to continue. Friday was ultimately unable to raise that capital and on June 1, Friday Health Plans, Inc. (Parent) stated publicly that they would begin to wind down.
...Well, just one day after the Bright Healthcare bombshell news broke, Texas-based health insurance broker Jenny Chumbley Hogue sounded the alarm on another large carrier bailing on Texas next year:
And its confirmed. Email received from Friday. Buckle up folks! Individual OEP in Texas is going to be a bumpy ride! https://t.co/AMNJ4rPyr3
...Well, just one day after the Bright Healthcare bombshell news broke, Texas-based health insurance broker Jenny Chumbley Hogue sounded the alarm on another large carrier bailing on Texas next year:
DENVER— In its tenth year of enrollment operations, Connect for Health Colorado, the state’s official health insurance marketplace, is providing more financial help for health insurance, offering more local enrollment assistance and enrolling more people into coverage than ever before.
In a report published today, Connect for Health Colorado provides a comprehensive look at the Open Enrollment Period data and outcomes. (Connect for Health Colorado released preliminary enrollment totals from the Open Enrollment Period at the end of January.) This new report includes information such as average costs and enrollments by county and the significance of Broker and Assister enrollment assistance. Here are the highlights:
Tax Season is a Health Coverage Enrollment Opportunity
DENVER— The annual Open Enrollment Period for health insurance ended mid-January, but Coloradans who missed the enrollment deadline could still have a special opportunity to sign up for health coverage as a result of the Tax Time Enrollment Program.
The Tax Time Enrollment Program, which launched last year, provides Coloradans the opportunity to check a box on their state tax return to share their information with Connect for Health Colorado and the state Department of Health Care Policy & Financing for the purpose of obtaining health coverage. Through October 2022, approximately 1,700 people used the Tax Time Enrollment Program to enroll in a health insurance plan through Connect for Health Colorado.
Consumer Advisory: Former Individual Market Bright Health & Oscar Health Enrollees Have Until March 1 to Choose New Coverage
Special Enrollment Period allows them to still get insurance for 2023.
DENVER - People who had individual health insurance plans (insurance not from an employer) from Bright Health and Oscar Health in 2022 are reminded that they have until the end of February to choose a health plan from another company for 2023 insurance.
Even though the regular open enrollment for individual health insurance plans concluded on January 15, consumers who had their Bright or Oscar coverage finish at the end of December are allowed a 60-day special enrollment period (SEP) because those companies did not offer plans for 2023. This 60-day SEP started on January 1 and will continue until March 1, 2023.
More Than 212,000 Coloradans Signed Up for Health Insurance Coverage During Annual Enrollment Period
DENVER – Connect for Health Colorado (the Marketplace) reports that 201,758 Coloradans enrolled in a health insurance plan during the Open Enrollment Period for 2023 coverage. That is an increase of approximately 3,000 plan enrollments above last year’s total.
Approximately 35,000 Coloradans Chose the Colorado Option During the 2023 Open Enrollment
Insurance Commissioner Conway: “We’re working on making this program even better.”
DENVER - As announced by the Governor during his State of the State speech, the preliminary 2023 open enrollment figures for the Colorado Option make it clear that the Coloradans are excited and want the Colorado Option.
As of January 10th, approximately 35,000 people have enrolled in Colorado Option plans - approximately 25,000 through Connect for Health Colorado, the state’s health insurance marketplace, and another 10,000 via OmniSalud.
DENVER— This Sunday, January 15th, is the last day of Colorado’s annual Open Enrollment Period for health insurance. Connect for Health Colorado, the state’s official health insurance marketplace, reports that more than 192,000 people have signed up for a 2023 health insurance plan during Open Enrollment so far.
Enrollment Season for Health Insurance Continues Through January 15th
Coloradans Can Still Enroll in 2023 Coverage
DENVER— As of January 4th, more than 188,000 Coloradans have signed up for a health insurance plan through Connect for Health Colorado, the state’s official health insurance marketplace, during the annual Open Enrollment period. This is approximately 2,300 enrollments ahead of the same day last year. 75 percent of customers applying are qualifying for financial help to reduce the cost of their insurance.
But there is still time to enroll. With the enrollment deadline approaching on January 15, 2023, Coloradans have less than two weeks left to choose a plan for coverage that will start on February 1, 2023.
