INDIVIDUAL MEDICAL PLANS - CARRIER CHANGES ANNOUNCED FOR 2017
June 7, 2016
The DOI confirmed that four insurance companies either will not offer or will significantly cut back individual plans next year. A new entrant into the Colorado market will sell plans in the individual market.
UnitedHealthcare and Humana Insurance will not offer individual plans in 2017, which impacts approximately 20,000 consumers in Colorado.
Rocky Mountain Health Plans (RMHP) will reduce individual plan offerings, offering individual plans only in Mesa County. Approximately 10,000 people currently enrolled in an individual RMHP plan will have to find another plan for 2017.
Anthem Blue Cross and Blue Shield will not offer its PPO individual plans for 2017, which impacts 62,310 people. Anthem will continue to offer HMO individual plans statewide.
All of these companies will continue to offer their small and large group plans for employers.
As other companies are leaving the market, a new entrant into the Colorado market, Bright Health Plans, will sell individual plans both on and off the exchange. “They are focusing on efficient delivery of quality care through a healthcare partner. This echoes what RMHP is doing through its Monument Health program, and what UnitedHealthcare is doing in other states with its subsidiary, Harken Health”, said Commissioner Salazar.
360benefits will continue to closely follow the market and will be contacting all of our individual clients in September to verify your information and update your plan preferences. Final plans and rates will be released in late October for open enrollment beginning in November.