Connect for Health Colorado Announces Health Insurance Rates

This week, Colorado announced the state's rates using their marketplace, Connect for Colorado. The state is providing over 242 plans, and officials are advising consumers to shop around to see which plan best suits their health care needs. Just as no person is alike, either are the premiums, and the deductibles tend to vary, that's why it's important to educate and explore all possible plans before choosing the right one.

The companies will offer plans at four levels -- bronze, silver, gold, and platinum -- plus catastrophic coverage. However, not every plan is available at every level. On average, bronze plans will cover 60% of your costs. Silver, gold, and platinum plans will cover 70%, 80%, and 90% of costs. Catastrophic plans have lower premiums but higher deductibles and out-of-pocket expenses.

Consumers that are already insured or on Medicare wont be affected by the new marketplace. Which marketplace do you think will run smoother, federal or state?

Want to learn more about the future of the marketplace? At IIR's HIX Reloaded, we'll help you shape your strategy for the ever evolving marketplace. Crowdsource the agenda by voting on what you need to know to ensure success when coverage starts on January 1, 2014. To learn more, download our agenda.

As a reader of this blog you'll receive 15% off the standard rate when you use code XP1810BLOG to register. We hope to see you November 14-16 in Baltimore, MD!