Stats in Your State
Recognizing the need and importance of health insurance can be hard without the proper knowledge of what factors are affecting the rest of the population. To make things easy, The Simple Dollar has visualized relevant health insurance information through several graphs, so consumers can easily see the factors driving the demand and the price of health insurance. To see how Colorado health insurance rates compare with the U.S. average, check out the graphs and information below.
Child enrollment numbers for Children’s Health Insurance Program (CHIP) and Medicaid programs increased from 2009 to 2010, with over 550,000 Colorado children insured through state and federally funded programs.
Individual Health Insurance Premiums
The cost of health insurance for Colorado workers in 2011 was nearly spot on with the national average. Compared with other mountain-region states, however, Colorado poses costlier insurance than its neighbors.
Family Health Insurance Premiums
As with the cost of insurance for single-payer plans, family health insurance plans in Colorado are costlier than other mountain-region states; however, in this category Colorado is also significantly more expensive than the U.S. average; over $4,500 compared to the national average of $4,000.
SAHIE Health Insurance Uninsured
Due to high cost of health insurance in Colorado and limited coverage options for health care, more than 750,000 Colorado residents went without health insurance each year from 2006 to 2010. With upcoming legislation and health care reforms, the uninsured number is expected to drop in the coming years.
Rules in Your State
Knowing your rights as a consumer is an important element to getting the most out of your insurance policy. To encourage consumers to be their own best advocates, The Simple Dollar has provided the required provisions for Colorado health insurance below.
Colorado Revised Statutes for Health Insurance (General): To brush up on the specific regulations around health insurance policies and the terms of conduct for insurers, use the above link to look up the Colorado Revised Statute for Health Insurance. The specific document is:
TITLE 10. INSURANCE
HEALTH CARE COVERAGE
ARTICLE 16.HEALTH CARE COVERAGE
PART 2. SICKNESS AND ACCIDENT INSURANCE
C.R.S. 10-16-202 (2012)
10-16-202. Required provisions in individual sickness and accident policies
Consumer Rights and Appeals Actions
When Your Health Insurance Carrier Says No
Readers will find ways to negotiate with their insurer and how to navigate a health insurance claim if their insurer is attempting to deny or limit benefits.
Representatives & Resources in Your State
To file a complaint against an insurer, contact your local regulatory body about an insurance concern, or simply to learn more about the detailed regulations in Colorado, use the following links and resources to guide you to deeper knowledge of health insurance.
DORA Health Insurance Facts
Overview of Health Insurance Regulations
To simplify the basics of health insurance for Colorado residents, DORA has put together an overview of the current Colorado health care rules and regulations.
Colorado Attorney General
Health Issues Consumer Advocacy Guide
Consumer advocacy is alive and well in the Rocky Mountain state, and Colorado residents can find specific tools and resources from the state’s Attorney General at the link above.
Colorado Department of Human Services
Residents will find information on public assistance and benefits, as well as resources and support for abuse or neglect cases.
Contact information varies by county.
Go to Healthcare.gov to get up-to-date information about how the Affordable Care Act is affecting Colordans and their health insurance.