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Colorado Individual Insurance Market Rates Drop

Oct 11, 2019

Credit Elise Thatcher

Coloradans who purchase their health insurance on the individual marketplace can expect to save even more money next year than lawmakers originally thought.

 

Governor Jared Polis says premiums on the marketplace will go down by an average of twenty point two percent next year thanks to a new reinsurance program. The savings will be two percent higher than what the state projected in July.

 

Polis says residents on the west slope and eastern plains will see the biggest savings.

 

About eight percent of Coloradans with insurance purchase it on the individual market. Polis says as premiums go down, the state’s uninsured rate should drop as well.