Open Enrollment is just around the corner and contrary to what you may have heard financial help is still available for 2018. The current administration has decided to end Cost-Sharing Reduction payments – this does NOT eliminate Cost-Sharing Reductions for you. These payments are reimbursements to health insurance companies and do not affect the health insurance premium credits many customers are qualified for.
In fact, many customers receiving financial help through Connect for Health Colorado will likely pay less in 2018 than in 2017. They will see the premium that they pay (full premium minus the Premium Tax Credit amount) go down by 20 percent on average in 2018.
Clear away the confusion around health insurance by attending an interactive presentation with San Juan Basin Public Health on Oct. 24 from 6-8 p.m. at Durango Public Library. Kevin O’Connor, Certified Health Coverage Guide, will review what’s new and what hasn’t changed to Federal health insurance laws, plus what is different in the Colorado health insurance market for 2018. This presentation will also cover how to prepare for the coming Open Enrollment Period, including shopping for a plan and reporting changes to your situation. A timely review of your health insurance options and obligations is especially important as Dec. 15 is the enrollment deadline for coverage beginning Jan. 1, 2018. Let us help you get started.