Help with health insurance: Are you leaving money on the table?

By Kevin Patterson
Chief Executive Officer
Connect for Health Colorado

Thousands of Coloradans could receive monthly financial help with their health insurance but don’t know it. Even if an individual makes as much as $48,000 a year ($98,000 for a family of four), they will get financial help to lower their health insurance costs, if they purchase their plan through Connect for Health Colorado. It’s easy and quick to see if you if you qualify. But don’t wait. Open Enrollment starts November 1.

You may have heard that costs for premiums will be going up for 2018. The good news is that financial help increases right alongside those premiums. This year, Colorado households are receiving an average $369 a month to lower the cost of health insurance. It is more important than ever to check to see if you qualify.

This year’s Open Enrollment Period, the time when people buy their own health insurance, is from November 1, 2017, through January 12, 2018. To avoid a gap in coverage and have your plan start on January 1, you must enroll in a plan by December 15th. After January 12, you will not be able to buy health insurance unless you experience a Qualifying Life Change Event such as losing coverage through your job, getting married or having a baby.

Shopping for health insurance can be complicated, but you don’t have to do it alone.

While the future of the Affordable Care Act may continue to be debated in Washington, D.C., you may be asking yourself, “Do I still need health insurance?” The answer is “YES!” What remains constant and true is that it is important to protect the health and financial future of you and your family.