MICHIGAN: Another One (Mostly) Bites The Dust; 12th CO-OP Drops Off Exchange, May Go Belly-Up
It appears that East Lansing-based Consumers Mutual Insurance of Michigan could wind down operations this year as it is not participating in the state health insurance exchange for 2016.
But officials of Consumers Mutual today are discussing several options that could determine its future status with the state Department of Insurance and Financial Services, said David Eich, marketing and public relations officer with Consumers Mutual.
Consumers Mutual CEO Dennis Litos said: "We are reviewing our situation (financial condition) with DIFS and should conclude on a future direction this week.”
While Eich said he could not disclose the options, he said one is “winding down” the company, which has 28,000 members, including about 6,000 on the exchange.
DENVER— Today, President Biden signed the Inflation Reduction Act into law. In addition to tackling issues such as climate change, health care and prescription drug costs, the legislation will extend the expansion of Affordable Care Act marketplace premium tax credits through 2025.
Connect for Health Colorado’s Chief Executive Officer, Kevin Patterson, released the following statement:
Reinsurance continues to save Coloradans money on health care, while the Colorado Option Plan is included for the first time.
DENVER - The Colorado Division of Insurance (DOI), part of the Department of Regulatory Agencies (DORA), has released preliminary information about the health insurance plans and premiums for 2023 -- for the individual market (meaning health insurance plans for people who don’t get their insurance from an employer) and the small group market (for small businesses with 2-100 employees).
The initial review by the DOI of the insurance companies’ filings for 2023, indicate that the overall average consumer impact on premiums in the individual market will be an 11.3% increase over 2022 premiums. These are the health insurance plans available to individuals on Connect for Health Colorado, the state’s health exchange made possible by the Affordable Care Act (ACA).
New Program Connecting Tax Filers to Health Coverage Ends April 15
DENVER— Colorado’s new Tax Time Enrollment Program that connects uninsured tax filers to health coverage is coming to a close this Friday, April 15. Due to a state law passed in 2020, this tax season was the first in which residents could mark on their Colorado tax form that they were uninsured and interested in getting connected to coverage with Health First Colorado (Colorado’s Medicaid program) or Connect for Health Colorado, the state’s official health insurance marketplace.
Federal and State Health Insurance Subsidies Boosted Enrollments on Colorado’s Exchange
Record number of Coloradans enrolled during the annual enrollment period
DENVER— In a report released today, the state’s official health insurance marketplace, Connect for Health Colorado, attributes record enrollments this past Open Enrollment Period to federal and state policy changes making health coverage more affordable.
DENVER— Connect for Health Colorado, the state’s official health insurance marketplace, is accepting applications from new and returning organizations, as well as licensed Brokers, to operate Assistance Sites and Enrollment Centers across the state.
“Assistance Sites and Enrollment Centers provide a crucial one-on-one service to help Coloradans get covered,” said Connect for Health Colorado’s Chief Executive Officer, Kevin Patterson. “They help us make sure local communities, especially those who face barriers to health coverage, can access the plans and savings we offer. I encourage interested organizations and current partners to apply for this opportunity.”
Thousands of Coloradans Are Using Special Enrollment Periods to Sign Up for Health Insurance
Uninsured Residents Can Enroll in Health Coverage Now
DENVER – The state’s official health insurance marketplace, Connect for Health Colorado, reports that more than 6,000 Coloradans have signed up for a health insurance plan since the annual enrollment period closed mid-January using Special Enrollment Periods; about 1,000 enrollments per week. That brings Colorado’s total marketplace enrollments for the 2022 coverage year to nearly 205,000; a milestone that Connect for Health Colorado didn’t see until July last year.
Colorado Launches Tax Time Enrollment Program for Health Coverage
A new way to get health insurance outside of the annual enrollment period
Denver – There’s something new that Coloradans can look forward to when filing their 2021 State tax return—an opportunity to enroll in free or low-cost health coverage.
Nearly 200,000 Coloradans Signed Up for Health Insurance During Annual Enrollment Period
Special enrollment opportunities and enrollment assistance still available
DENVER – Connect for Health Colorado, the state’s official health insurance marketplace, reports that 198,412 Coloradans signed up for a health insurance plan by the end of the Open Enrollment Period. This is an increase of more than 18,000 enrollments, or 10 percent, above last year’s end of Open Enrollment total, and is the highest end of Open Enrollment total since Connect for Health Colorado opened for business in 2013.
In fact, 2022 OEP enrollment is up 10.5% y/y in Colorado.
Three out of four customers who signed up for a plan qualified for health insurance savings via tax credits. Thanks to the American Rescue Plan Act of 2021, an individual can save an average of 52 percent on their monthly premium after financial help is applied.
Colorado’s Health Insurance Enrollment Period Ends January 15th
Free Enrollment Help is Available Statewide
DENVER – This Saturday, 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 190,000 Coloradans have signed up for a health insurance plan so far.
That means Colorado is already up 5.8% over last year's final total OEP enrollment with 3 days left to go.
“Health insurance is a critical tool for families amid the ongoing pandemic,” said Chief Executive Officer Kevin Patterson. “If you don’t know where to go to get covered, start with Connect for Health Colorado. We have free enrollment assistance and are here to help you every step of the way. Don’t miss this opportunity to enroll.”
